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Blueprint was engaged by Gables Management Company, a respected owner/operator, and developer to maximize value on the sale of two newer vintage, Class A communities in the Akron and Columbus MSAs.
Built in 2017 and 2021, respectively, the two communities offered 198 combined units including cottages, independent living, assisted living, and memory care.
Demonstrating robust performance, the communities achieved 98%+ occupancy, low-30% operating margins, and market leading reputations for quality and care.
Leveraging its deep industry expertise and extensive network of qualified buyers, Blueprint orchestrated a competitive sales process, leading to six offers from REITs, Private Equity, and owner/operators.
Ultimately Cardinal Senior Living, based in Grand Rapids, Michigan, was chosen as the buyer and closed the transaction smoothly and at the agreed-upon price and terms.
"The stellar Blueprint sales TEAM; under the leadership of Connor Doherty was competent, experienced, comprehensive and very professional in their facilitation for both buyer and seller-making for win/win transactions." – Mike Wojno | CEO & Owner of Gables Management Company
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