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.