Blueprint positioned the offering as a unique opportunity to acquire a cash flowing portfolio of almost exclusively private pay communities with excellent geographic diversification. The 1990s-vintage communities range from 42 to 137 total units and some locations feature excess land prime for memory care expansion.
Through its tailored marketing campaign targeting regionally focused and national buyers, Blueprint sourced multiple competitive offers to acquire some or all of the communities. Ultimately, a well-capitalized, private investor seeking to expand its Midwest-based operating platform was selected to acquire the entire portfolio. The transaction represented a successful outcome for all parties, expeditiously closing less than 45 days following offer acceptance.
Ben Firestone, Michael Segal, and Connor Doherty handled the transaction.