Blueprint demonstrates expert market knowledge and seamless transaction for repeat client with second successful Southeast disposition assignment this year
The 72-unit assisted living community in the growing Columbia, South Carolina market recently underwent a $1 million renovation and is located less than one mile from one of the area’s largest hospitals, the 557-bed Lexington Medical Center.
Blueprint positioned the deal as a unique opportunity to acquire a well-maintained asset at below replacement cost and capitalize on readily attainable upside by implementing dedicated memory care programming while leveraging an existing regional operating platform to create economies of scale.
Through a competitive marketing process that was strategically focused on regional owners and operators, Blueprint procured multiple competitive offers and advised the seller to move forward with an owner-operator buyer that all parties had previously transacted with.
Given the level of familiarity between the buyer and seller, as well as the all-cash offer, the transaction closed within 90 days of going under LOI.