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.