Comprising 70 assisted living and 20 memory care units, the asset showed strong historical performance with 95% occupancy and near-stable margins pre-pandemic

In addition to struggling performance post-pandemic, the seller identified the community as a geographic outlier and approached Blueprint to facilitate a competitive marketing process

Blueprint leveraged its understanding of the current M&A landscape to tailor it’s process to prioritize groups actively operating in Alabama and with a recent track record of closing transactions

Broad market interest translated into several competitive bids, enabling the Seller to leverage the process and push best-and-final pricing. Ultimately, Proveer Senior Living, a Texas-based owner-operator, was selected as the Buyer. This asset becomes Proveer’s 5th in the state of Alabama and the 4th Alabama community Blueprint has sold them in the last 6 months

Blueprint worked closely with all stakeholders to navigate mounting headwinds in the capital markets to successfully close the transaction