Exclusive Process / Portfolio Premium
Blueprint is pleased to announce the successful portfolio sale of three Class A assisted and independent living communities, two located in the Nashville MSA and one located within the Hartford, Connecticut market. The communities were developed between 2012 and 2014. Blueprint conducted an exclusive process and confidentially sold the package for a premium price of just over $280,000 per unit, representing a total purchase price of $110 million.

Blueprint was engaged by the Seller to execute a highly confidential sales process designed to not disrupt the ongoing operations during the lease-up period. Blueprint targeted a handful of qualified prospects, procuring seven competitive proposals in only four weeks of marketing. Ultimately, Blueprint produced a balanced solution in which the value of the assets and the certainty of execution were both maximized.

The Purchaser was a global real estate investment management firm with a family of funds dedicated to seniors housing investments. The Seller was a joint venture between the principals of the existing operator and a family-run real estate fund. The operator will remain in-place as the manager for the Purchaser.

Tim Cobb and Steve Thomes of Blueprint’s Washington, D.C. office co-managed the origination and the execution of the transaction.

Steve Thomes
Senior Managing Director & Head of Business Development