Interests Align on the Main Line
Sale of two assisted living and memory care communities on the Philadelphia Main Line
Blueprint was tasked with maximizing value on behalf of its client, a publicly-traded REIT
Located in the high barrier-to-entry Philadelphia MSA, Blueprint positioned the offering as a unique opportunity to acquire two private pay, cash flowing communities with management in place. The manager had maintained a stellar reputation and brand recognition in the local market.
Blueprint targeted investors that would recognize the value in building a relationship with such a premier, regional senior living provider. In addition, Blueprint presented a case for continued occupancy growth through an asset repositioning strategy driven by the high-quality service model coupled with aesthetically-focused capital improvements. The campaign successfully yielded a competitive bidding environment from a variety of investor profiles.
A very active and rapidly growing seniors housing investor emerged as the ultimate purchaser. Blueprint tactically navigated a process that addressed REIT-specific compliance involving additional properties outside of the transaction and structured a beneficial outcome for all parties.