DONE DEAL:
Relentless Representation in Rochester
Sale of two assisted living communities in upstate New York

Blueprint addresses challenging market conditions to assist in the transfer of communities in greater Rochester

  • This sale process was a component of a larger strategic disposition that Blueprint was engaged as the exclusive advisor on by the REIT seller.
  • Blueprint positioned the underperforming communities as a value-add opportunity to regional investors seeking to expand their current portfolio and capture upside with refreshed marketing efforts and rate increases.
  • Throughout the marketing process, Blueprint confronted the very competitive regional market for assisted living services as well as the complex and arduous New York State licensure approval process, amplified by the onset of the COVID-19 pandemic.
  • Blueprint’s process ultimately generated an offer from a regional acquirer with deep ties in the Rochester market. This offer provided a solution to address the license transfer as well as the ability to quickly close the transaction all-cash.
LEAD ADVISORS
Ben Firestone
Executive Managing Director & Co-Founder
312.300.4000
bfirestone@blueprintHCRE.com
Steve Thomes
Senior Managing Director & Head of Business Development
202.400.2279
sthomes@blueprintHCRE.com
Alex Florea
Senior Director
312.300.4184
aflorea@BlueprintHCRE.com
Michael Segal
Managing Director
312.300.4137
msegal@BlueprintHCRE.com