Blueprint conducted a formal marketing process on behalf of the third-generation owner-operators, the family having owned the community since its incorporation in 1953. The CMS Five-Star asset had a strong local reputation because of its long history in the community. At the time of sale, the community was stabilized with occupancy above 95%.
Blueprint was tasked with maximizing value on behalf of its client. The marketing strategy focused on finding a purchaser whose philosophy aligned with the seller in order to continue the tradition the family had worked to achieve. The process ultimately led to the selection of a reputable New York-based firm that had recently expanded into the state. Blueprint advised the selection based on the firm’s mission as well as the optimal combination of transaction price and execution certainty.
Mario Wilson was the lead advisor on the transaction.