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.