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Two Utes?!?!?

Blueprint advises institutional client on the sale of two 'Class A' assisted living & memory care communities located in Utah
The two communities, built by the same developer in 2011 & 2016, respectively featured similar layouts, each with approximately 90 units
Both communities were strategically located in highly attractive private pay seniors housing markets within Utah in one of the fastest growing metro areas in the US

With consistent occupancy growth throughout COVID, the assets demonstrated resilient operational performance with occupancies at or above 97% at both communities, and total EBITDAR exceeding $2.25M

Blueprint positioned the offering as an opportunity for an incoming investor to acquire two assets with a consistent track record of operational success generating attractive cash on cash returns given significant in-place cash flow

Additionally, groups had the ability to maintain the existing operator, Avista Senior Living, a group that is consistently regarded as one of the premier seniors housing operators in the Southwest

Blueprint ran a highly competitive marketing process resulting in multiple attractive offers, ultimately recommending the Seller move forward with a private equity buyer whom Blueprint had previously transacted with on multiple deals, presenting maximum proceeds as well as strong execution certainty for the Seller

Blueprint was involved throughout the process and facilitated a successful close despite a challenging and dynamic capital markets environment

Humair Sabir

Jacob Gehl

Amy Sitzman

Giancarlo Riso

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