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Class Acts

Sale of a 126-bed skilled nursing and assisted living facility in Maryland
Blueprint represents non-profit owner-operator in exit of premier community and achieves optimal value and terms even with COVID-19 impact
Located in suburban Baltimore, the skilled nursing and assisted living facility was owned and operated by Acts Retirement-Life Communities, a Pennsylvania-based non-profit organization that acquired the property through a merger with another non-profit

While well positioned as a premier healthcare provider with a regionally renowned memory care program generating top-of-market rental rates, the facility did not fit in Acts’ core CCRC business model

With time of the essence, Blueprint leveraged its analytical power to bring the offering to market within just a few days of engagement, procuring 12 competitive offers during the 30-day confidential marketing effort

Offers increased between 5% and 10% in the final round, with all three final offers exceeding Blueprint’s initial market guidance price and terms

After a careful buyer selection process weighing purchase price, execution certainty, and buyer qualifications, Blueprint negotiated a sizable deposit becoming non-refundable upon contract signing before due diligence

Even during the pandemic, Blueprint worked closely with all parties to smoothly transition operations and close the transaction for $20 million, maintaining price and deal terms throughout the sale process without adjustment

Michael Segal

Ben Firestone