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The assets were purpose-built in the late 90s and located in one of the highest barrier-to-entry seniors housing markets in the country. At the time of sale, both properties were stabilized and generating meaningful in-place cash flow in excess of $3 million.
Blueprint executed a disciplined and targeted marketing process, leveraging its deep network of institutional and private capital sources with proven experience transacting in New York. The process generated a highly qualified buyer pool capable of navigating the state’s complex regulatory environment.
The winning bidder, Tunbridge PEAK, a Salt Lake City-based private equity firm, differentiated itself through its commitment to retaining the incumbent operator, Peregrine Senior Living. The acquirer had an existing relationship with the operator, which proved critical in ensuring a seamless, compliant transition and provided the seller additional confidence in execution.
The transaction achieved a record price per unit for standalone memory care assets in New York State.
Blueprint navigated a complex closing process from start to finish, delivering an exceptional outcome for its client. The deal further reinforces the firm’s ability to execute in highly regulated environments and drive premium outcomes on complex seniors housing transactions.
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