In addition to historical successful operations, the offering presented expansion potential through the development of 26 highly desirable independent living cottages unlocking future potential cash flow.

During the marketing process, the outgoing operator made some adjustments to the go-to-market strategy, which resulted in a drop in occupancy and a shift in overall metrics. Despite this setback, Blueprint continued to capitalize on its historical strength and the opportunity presented by the newest asset in the market to drive a robust marketing strategy for the seller which ultimately generated nine competitive offers from a diverse group of buyers ranging from REITs to private equity investors.

Ultimately, a non-traded REIT partnered with a regional operator with existing market presence to acquire the asset—marking the first deal in the new partnership between the two groups.

Execution certainty and speed were critical. From LOI to close, Blueprint delivered a seamless 60-day process, including a coterminous 30-day diligence and PSA negotiation period followed by an efficient 30-day operations transition and close.

This transaction underscores Blueprint’s ability to create a competitive environment, identify the right buyer, and drive successful outcomes for institutional sellers in today’s seniors housing market.