Blueprint’s highly confidential and strategic marketing process yields successful outcome for institutional owner-operator
- Offering positioned as rare opportunity to acquire well-situated, middle-market seniors housing asset with excellent reputation for below replacement cost
- Asset occupancy was positively trending toward 75% and was cash flow neutral at time of sale
- Located in densely populated suburban area surrounded by significant senior population
- Median housing values within three miles of community over 72% higher than state average and 44% higher than Dallas MSA average
- Targeted, 40-day marketing campaign resulted in three competitive offers
- Sophisticated Dallas-based developer, owner-operator selected as buyer, marking their continued expansion within Texas
- Blueprint helped all parties navigate through the entire due diligence process and both buyer and lender were committed amid the uncertainty triggered by the COVID-19 situation, leading to a successful close on March 12, 2020