DONE DEAL:
Class Acts
Sale of a 126-bed skilled nursing and assisted living facility in Maryland

Blueprint represents non-profit owner-operator in exit of premier community and achieves optimal value and terms even with COVID-19 impact

  • Located in suburban Baltimore, the skilled nursing and assisted living facility was owned and operated by Acts Retirement-Life Communities, a Pennsylvania-based non-profit organization that acquired the property through a merger with another non-profit
  • While well positioned as a premier healthcare provider with a regionally renowned memory care program generating top-of-market rental rates, the facility did not fit in Acts’ core CCRC business model
  • With time of the essence, Blueprint leveraged its analytical power to bring the offering to market within just a few days of engagement, procuring 12 competitive offers during the 30-day confidential marketing effort
  • Offers increased between 5% and 10% in the final round, with all three final offers exceeding Blueprint’s initial market guidance price and terms
  • After a careful buyer selection process weighing purchase price, execution certainty, and buyer qualifications, Blueprint negotiated a sizable deposit becoming non-refundable upon contract signing before due diligence
  • Even during the pandemic, Blueprint worked closely with all parties to smoothly transition operations and close the transaction for $20 million, maintaining price and deal terms throughout the sale process without adjustment
LEAD ADVISORS
Michael Segal
Managing Director
312.300.4137
msegal@BlueprintHCRE.com
Ben Firestone
Executive Managing Director & Co-Founder
312.300.4000
bfirestone@blueprintHCRE.com