DONE DEAL:
Shoring up Shoreline
Sale of 48-unit memory care community in Connecticut

Blueprint leans in amid difficult market conditions to advance to closing

  • The Shoreline of Clinton is a 48-unit memory care community located in picturesque Clinton, Connecticut on the banks of the Long Island Sound.
  • Though the community was substantially renovated in 2015, it experienced the effects of significant competition.
  • Blueprint positioned the asset as a value-add opportunity with potential given its location in an affluent submarket with rates below local competition.
  • Blueprint’s marketing process yielded several competing offers with an independent New York-based owner-operator selected as the ultimate buyer for their ability to secure licensure approval and close the transaction during the COVID-19 pandemic.
LEAD ADVISORS
Steve Thomes
Senior Managing Director & Head of Business Development
202.400.2279
sthomes@blueprintHCRE.com
Ben Firestone
Executive Managing Director & Co-Founder
312.300.4000
bfirestone@blueprintHCRE.com
Michael Segal
Managing Director
312.300.4137
msegal@BlueprintHCRE.com