Blueprint conducted an exclusive and confidential marketing process on behalf of the owner, who was looking to diversify its risk through a sale or new lease to a third-party tenant. Blueprint used its transactional expertise to identify a highly-qualified and credible owner-operator for which the offering created economies of scale and synergies within its existing North Carolina portfolio. The lease was structured with an option to purchase, which the tenant plans to immediately exercise.
The transaction closed as required by the negotiated terms just 48 days following offer acceptance by the owner.
The transaction was handled by Christopher Hyldahl and Gideon Orion.