The highly selective and confidential marketing campaign positioned the asset as a value-add opportunity. At the time of sale, in-place cash flow was negative, with occupancy in multiple year-over-year decline. However, experienced local operators and real estate investors noted the well-maintained facility’s strong historical operational performance. This included recent performance with total revenue and EBITDAR in excess of $9.8 million and $2.1 million, respectively.
Throughout a competitive bidding process, a respected national owner-operator identified strong synergies which allowed them to produce a market-leading offer and ultimately close the deal. Blueprint worked collaboratively with all parties through the complexities of the transaction, including marketing the asset during a period of CMS Special Focus Facility designation prior to its clearing resurveys and graduation from the program.
Blueprint’s involvement in all aspects of the transaction, including documentation, due diligence, and licensing, ensured a smooth closing and disruption free operational transition.
The transaction was handled by Christopher Hyldahl, Gideon Orion, and Kendra Gonzalez.