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