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Constructed in the late 1990s in a prominent location within the Charlotte, North Carolina MSA, the purpose-built seniors housing community featured 54 assisted living and memory care units
Blueprint marketed the asset as a rare opportunity to acquire a performing, but not yet stable, community in an urban submarket of the high barrier to entry Certificate of Need state
With marketing commencing amid the market turbulence of the summer of 2023, Blueprint targeted a combination of both national and regional buyers, and procured four offers from highly credible acquirers within 30 days of launch
The selected bidder was a newly formed joint venture between a Midwest-based investment group and Carolinas based operator, a novel relationship that was cemented following Blueprint's introductions
Blueprint proactively guided the transaction through all aspects of contracting, diligence, and transition process to ensure the deal closed by year end 2023
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