DONE DEAL:
This Old House
Blueprint is pleased to announce the successful sale of Wadleigh House, an assisted living community located in quaint Dover, New Hampshire. In keeping with Dover’s traditional charm, the community offers a bed and breakfast atmosphere in a converted historic colonial home. Blueprint acted as exclusive advisor in the sale-leaseback of the community, a transaction that has established a path toward retirement for the husband and wife owners.

Blueprint navigated the complexities of marketing the non-purpose-built community with a tailored approach that highlighted the potential for future development and expansion of the property. The campaign resulted in a deal with a local operator and developer seeking to refurbish and expand the property. The seller will remain as operator under a lease until the development project is completed, at which time operations will transfer to the new real estate owner.

Blueprint’s collaborative approach assisted both parties throughout the intricacies of development approvals, formal sale contracts, and lease negotiations.

The transaction team consisted of Steve Thomes with special assistance from Adam Sherman of Live Oak Bank and former Blueprint team member.

LEAD ADVISORS
Steve Thomes
Senior Managing Director & Head of Business Development
202.400.2279
sthomes@blueprintHCRE.com