DONE DEAL:
Lord of the Shire
Sale of a 200-bed assisted living campus in Rochester, NY

Blueprint skillfully markets assisted living campus on behalf of Ardent Senior Living, ushering another close during unprecedented market conditions

  • The Shire Senior Living campus in Rochester, New York consists of a 200-bed assisted living community and 42-unit apartment building
  • Blueprint strategically positioned the campus by highlighting its participation in New York’s desirable state-funded Assisted Living Program (ALP)
  • Blueprint also showcased a comprehensive path to upside for an incoming investor through increasing both ALP resident acuity level and bed licensure to achieve higher reimbursement
  • Blueprint illustrated further improvements through continued physical plant refresh efforts and renewed marketing focus to solidify the community’s position in the local market
  • The process resulted in a privately held owner-operator based in New York being selected as the buyer and closing on July 2, 2020
  • Blueprint was heavily engaged throughout the sales and closing process, facilitating due diligence and assisting the seller in negotiation of deal terms leading to another successful close despite mounting challenges related to the COVID-19 pandemic

 

LEAD ADVISORS
Humair Sabir
Managing Director
310.893.7190
hsabir@blueprintHCRE.com
Jacob Gehl
Executive Managing Director & Co-Founder
310.893.7182
jacob@blueprintHCRE.com