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Easley Does It

Blueprint facilitates the sale of Easley Place CCRC
Seeking an exit strategy, the Seller, a West Coast owner/operator engaged Blueprint as the exclusive advisor to execute the divestiture of this non-core asset
Easley Place, a 222-unit campus containing independent living, assisted living, and skilled nursing units, is located in the Greenville-Spartanburg, SC metro area, and was built in 1985

Following the acquisition in 2019, the Seller’s turnaround plan was negatively impacted by COVID with operations experiencing a 30% reduction in occupancy which was further compounded by the labor shortage in the market

Blueprint approached a targeted group of seniors housing investors and alternative use investors that represented a high certainty of execution

The winning bidder, Elevation Financial Group, will embark on a capital expenditure plan to revitalize the campus and will ultimately convert the community into affordable 55+ living

Blueprint effectively worked with both parties to ensure a timely close and smooth transition

Brooks Blackmon

Dan Mahoney