Stick To Your Horse!
Blueprint assists non-profit, Eagle Senior Living navigate Chapter 11 filing through strategic disposition of Vista Lake Assisted Living.
Originally constructed in two phases in 1996 and 2000, Vista Lake consists of 74 units of assisted living and memory care and is located in a growing Central Florida submarket
Acquired in a portfolio transaction in late 2018, the community's operational momentum was greatly impacted by the COVID-19 pandemic
Blueprint was engaged by the seller in the summer of 2021 to run a competitive sale process, which included selecting a Stalking Horse in addition to launching a broader auction process, as mandated by the court
Utilizing its extensive track record and network of Florida buyers, Blueprint was able to effectively identify a Stalking Horse, Atlantis Senior Living, who emerged as the winning bidder
Following the sale, Eagle Senior completed its financial reorganization yielding a more balanced and sustainable capital structure
Blueprint worked closely will all parties associated with the transaction, including Polsinelli and FTI Consulting, seller's legal counsel and financial advisor
