Blueprint Goes for Two in New England
Sale of two assisted living communities in Massachusetts
Blueprint leverages team approach to bring execution certainty in uncertain times
Totaling 195 units, both communities had established a strong reputation for quality care as well as a proven track record of operational success evidenced by occupancy levels exceeding 96% and combined EBITDAR of approximately $2.5 million.
Blueprint positioned the deal as a rare opportunity for an incoming investor to acquire two stabilized seniors housing communities located in highly desirable northeast markets that feature attractive senior private pay demographics.
By running a confidential and targeted marketing process directed toward the most active investors and operators throughout the northeast, Blueprint ensured the seller realized maximum value for the profitable communities.
Despite fluctuating capital markets, Blueprint continued to work collaboratively with both parties, including introducing a lending intermediary to the acquirer, to ensure the deal continued to move forward to closing.
The buyer selected was a partnership between an experienced real estate investor with an existing home health business in the state of Massachusetts seeking to expand their healthcare portfolio of services and a seasoned seniors housing operator based in New York.