The offering was positioned by Blueprint as an opportunity to acquire two cash-flowing, regionally-based facilities in strategic New Mexico submarkets. This resulted in a competitive bidding environment with multiple offers submitted from the targeted and selective list of qualified prospects.
Ultimately, two bidders emerged to step into the respective assets, including Nick Martinez and Todd Okum of O&M Investments, LLC, who moved to make the successful bid on Santa Fe, and a Southern California-based private REIT with a growing presence in the Hobbs region. Blueprint attained maximum value for its client and facilitated a successful closing with a smooth ownership transition and no disruption to operations.
Christopher Hyldahl and Gideon Orion were the lead advisors on the transaction.