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Maxing in Fort Myers

Sale of 74-unit assisted living community in Fort Myers, Florida
Blueprint is pleased to announce the successful sale of Lamplight Inn of Fort Myers, a 74-unit assisted living community located in Fort Myers, Florida. Blueprint conducted an exclusive sales process on behalf of a private ownership group that sought to strategically divest of several non-core assets.
Blueprint conducted an extensive marketing campaign approaching a select group of qualified purchasers seeking to grow on the west coast of Florida.

At the time of sale, the subject's operating performance was trending positively enabling Blueprint to create a competitive bidding environment for the offering.

In addition to the trending cash flows, the occupancy was hovering around 70% which represented upside to the marketplace.

Blueprint effectively procured five qualified offers translating to maximum value for the seller.

The successful winning bidder was a joint venture between a publicly-traded REIT and a regional operator who inserted this acquisition into an existing master lease.

Ben Firestone