Blueprint was engaged by a national owner/operator to find creative disposition solutions for a portfolio that no longer fit their long-term strategy, culminating in a tailored process that preserved strategic flexibility and achieved a successful outcome.

At the time of marketing, the assets faced a variety of operational headwinds: elevated expenses, significant deferred capex, and below-market seniors housing rates. Despite these challenges, Blueprint leveraged its national network of seniors housing and skilled nursing investors to drive competitive activity, ultimately producing seven offers spanning single-asset to full-portfolio buyers.

The selected buyer, an experienced turnaround investor with deep roots in the municipal bond market, partnered with a local Dallas-based operator familiar with the properties. Their strategy includes deploying significant capital improvements into the flagship 372-bed CCRC, executing a turnaround plan for the remaining 191-bed assisted living/skilled nursing campus and repurposing the two remaining campuses to alternative uses.

The complex transaction required extensive collaboration between lenders, ownership, and the incoming operator, and Blueprint worked hand-in-hand with all stakeholders to ensure a successful and on-time closing.

This transaction highlights Blueprint’s ability to create a market for challenged portfolios, navigate capital-intensive situations, and deliver tailored solutions for both sellers and buyers across the seniors housing and skilled nursing continuum.