Based on trailing operating performance at the time of closing, the portfolio was 90.8% occupied and was generating $50,084,000 and $5,383,000 in Total Revenue and adjusted EBITDAR, respectively.

The portfolio was taken to market with a base price of $46,500,000 subject to a structured overbid auction process.

Through Blueprint's extensive network of relationships within the industry and its marketing expertise, the transaction price was ultimately driven up to $55,000,000 ($70,967 per bed) which represents an unprecedented 9.7% capitalization rate for such like type properties.