Opened in 1999, the community offers 120 units of Assisted Living and Memory Care in a very affluent and high-barrier-to-entry New Jersey market.

Given the impressive in-place cash flow, ability to drive further upside through renovations, and scarcity of comparable acquisition opportunities, Blueprint ran an aggressive marketing campaign across a wide cross-section of operators, investors, and developers.

Through a comprehensive, multi-round marketing effort, Blueprint received 10+ offers spanning REITs, Private Equity, Developers, Owner-Operators, and Sponsors.

Ultimately, the seller elected to move forward with a buyer group comprised of Juniper Communities, the incumbent operator, in a new partnership with NHI REIT.

The transaction closed collaboratively and at the agreed-upon $46M price.