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A national developer/investor engaged Blueprint to create an exit strategy in order to maximize value for more than a dozen geographically disparate, older-vintage communities
These communities were purchased in a sizeable portfolio transaction pre-COVID, under a value-add thesis contemplating operator transitions to create regional groupings coupled with the intent to meaningfully invest in renovations and repositioning

Unfortunately, the cumulative impact of COVID followed by an unprecedented rise in interest rates created meaningful headwinds to the original thesis and drove a portfolio re-prioritization, rationalization, and de-levering effort

Opened in 1997, the community offered 48 units of assisted living across 70 licensed beds, and was located in a Southeast suburb of the Memphis MSA. Community performance struggled post-COVID and presented a meaningful value-add opportunity. Ultimately, the seller elected to divest the asset to preserve liquidity and simplify the portfolio

In an effort to maximize seller optionality, Blueprint targeted a wide range of local, regional, and national seniors housing operators and investors

The winning bidder was a local Memphis investor, and the acquisition marked their second in the Seniors Housing space. In light of capital market challenges, the buyer paid all cash at closing

Blueprint worked hand-in-hand with the seller, buyer, and the outgoing operator to close the transaction on time. The buyer intends to embark on material capital enhancements to the community post close


Johnny All-Cash Closing

Blueprint advises national investor on the sale of a value-add assisted living community in Memphis, Tennessee

Alex Florea

Kyle Hallion

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