Three of the facilities are in the greater Boston market and one is located in eastern Georgia between Atlanta and Savannah. Blueprint assisted in pairing two regionally-focused operating groups with a single real estate acquirer based in the Southeast. This structure provided for a streamlined process and closing, as well as increased execution likelihood for all parties. At the time of sale, the communities were operating in excess of $2.5 million in EBITDAR with revenues in excess of $29 million. Additionally, portfolio occupancy was a secure 88%.

Blueprint marketed the opportunity to its network of both real estate investors and operationally-minded buyers. The process yielded several competitive offers and Blueprint worked with its client to select two regionally-focused operators-one for each geographic region of the portfolio. Following the selection of the operators, Blueprint introduced the growth-focused, Georgia-based investor to the Massachusetts operator. This introduction resulted in the real estate investor providing a compelling offer to acquire all four facilities with two independent leases for each operating partner. Blueprint then transitioned to facilitating an efficient closing process.