The portfolio was positioned as a unique opportunity to strategically develop a new regional operating platform or expand an existing one. The offering presented the ability to capitalize on clear and identifiable operational upside at each facility. At the time of sale, the portfolio generated $16.1 million in total revenues with an overall occupancy rate of 78.5%.
Blueprint procured multiple competitive bids through a targeted and confidential marketing process. Ultimately, the winning bidder was a regional owner-operator that saw the offering as an opportunity to deepen its presence in the market. Through collaboration between all parties, Blueprint leveraged its deep knowledge of the local market and nuances of the state’s licensure process in order to help bring the deal to a successful close.
The transaction was handled by Christopher Hyldahl, Gideon Orion, and Kendra Gonzalez.