Blueprint was engaged by the owner, a joint venture between Meridian Senior Living and a reputable private equity firm headquartered in Chicago, to run a confidential and competitive process to sell the property. Meridian Senior Living also managed the property, demonstrating an outstanding track record during its three-year tenure, and was retained by the new owner for ongoing management.
To achieve the client’s and operator’s goals, Blueprint strategically orchestrated a competitive process designed to maximize value. Based on Blueprint’s recommendation, the client decided to move forward with an Orange County, California-based real estate equity group as buyer. Blueprint was actively involved in debt placement, documentation, and due diligence, all leading to a successful close.
The transaction team consisted of Jacob Gehl, Humair Sabir, and Scott Frazier.