Shoring up Shoreline
Sale of 48-unit memory care community in Connecticut
Blueprint leans in amid difficult market conditions to advance to closing
The Shoreline of Clinton is a 48-unit memory care community located in picturesque Clinton, Connecticut on the banks of the Long Island Sound.
Though the community was substantially renovated in 2015, it experienced the effects of significant competition.
Blueprint positioned the asset as a value-add opportunity with potential given its location in an affluent submarket with rates below local competition.
Blueprint’s marketing process yielded several competing offers with an independent New York-based owner-operator selected as the ultimate buyer for their ability to secure licensure approval and close the transaction during the COVID-19 pandemic.