DONE DEAL:
Chasing Green in Greenville
Sale of 91-unit assisted living and memory care community in Greenville, South Carolina

Blueprint’s competitive process maximizes execution certainty while maintaining solid market value amid declining performance

  • Built in 2001, the community’s 91 units are comprised of 74 assisted living and 17 memory care units
  • 100% private pay resident population and RevPOR well below reported market averages
  • Leadership turnover in a very competitive market led to declining performance between 2016 and 2017 that started to rebound in 2018
  • Cash flow continued to decline during the marketing and diligence phases of the transaction, with census dropping to its lowest point since 2017
  • Blueprint positioned the offering as a value-add opportunity for an incoming operator to establish a new and dedicated leadership team to return to profitability while capitalizing on the community’s stable memory care occupancy
  • Blueprint assisted the seller with the strategic buyer selection of a private investor to navigate the transaction to a successful close in light of diminishing performance
LEAD ADVISORS
Ben Firestone
Executive Managing Director & Co-Founder
312.300.4000
bfirestone@blueprintHCRE.com
Michael Segal
Managing Director
312.300.4137
msegal@BlueprintHCRE.com
Brooks Blackmon
Director
312.300.4829
brooks@BlueprintHCRE.com