These communities were purchased in a sizable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to meaningfully invest in renovations and repositioning

Unfortunately, the cumulative impact of COVID followed by an unprecedented rise in interest rates created meaningful headwinds to the original thesis and drove a portfolio re-prioritization, rationalization, and de-levering effort

Opened in the late 1990s, this community offered 65 units of assisted living and memory care in the affluent Dallas-Fort Worth submarket of Plano. The community stood to benefit from a meaningful refresh and repositioning to more closely match the market. Ultimately, the decision was made to strategically divest rather than invest more financial and human capital into a geographic and thematic outlier

After conducting a targeted marketing campaign to operators and investors with an existing footprint in the area, Blueprint procured a compelling offer from a regional owner/operator that was looking to strategically expand within Texas

The transaction closed ahead of schedule and at the agreed-upon price after a collaborative and efficient process