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A joint venture between two national investors engaged Blueprint to execute an expedient and discreet disposition of a non-core community acquired as part of a larger, strategic transaction.
Built in 2009, the 86-unit assisted living and memory care community is located in a growing, but supply-constrained, suburb of Columbus, Ohio.
The community’s occupancy challenges post-COVID, in combination with its outlier geography and care mix, made it a non-core component of the broader transaction and led to the ownership group’s decision to dispose of the asset and recycle capital.
Blueprint’s tailored marketing campaign quickly and discreetly sourced a well-capitalized private owner/operator seeking to expand and increase operational leverage in the Midwest.
The selected buyer plans to reposition the asset as the premier affordable option in submarket.
Blueprint worked hand-in-hand with Seller and Buyer to close the transaction collaboratively, efficiently, and at the agreed upon price and terms.
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