Gulf Coasting to Upside
Portfolio sale of 3 assisted living and memory care communities on Florida's Gulf Coast
Blueprint expertly positions value-add seniors housing portfolio and closes deal on behalf of a state-sponsored retirement pension fund
Three majority private pay senior living communities historically operated at near-stable levels. New supply in the local submarkets impacted resident occupancy and staff retention.
Portfolio showcased as value-add with viable repositioning strategies to unlock operational upside.
Blueprint’s targeted marketing efforts procured multiple offers from investment firms and owner-operators.
Blueprint’s process ultimately leveraged the competitive market environment to secure optimal transaction price and terms.
The buyer selected was a private equity firm along with its Florida-based operating partner for their collective willingness to close the transaction utilizing private capital and a specialized finance company amid performance challenges and market volatility.