The assets are located 40-miles apart in southern and western, Connecticut in resilient markets. Generating $36 million and $4.4 million in total revenue and EBITDAR, respectively, at a combined 86% occupancy, the non-union assets demonstrated very solid operating performance in quality physical plants.

The offering was initially brought to market as an outright sale. However, through a targeted and efficient marketing process, a lease with purchase option was identified as the optimal offer. Blueprint worked diligently throughout the OTA and lease negotiations phase which led to an efficient DD process as well as coterminous CHOW and HUD TPA processes.

Not without its complexities, both parties remained steadfast and worked pragmatically to arrive at a closed transaction. Blueprint takes a tremendous amount of pride in leveraging vast deal-making capabilities to assist two sophisticated parties to consummate their first transaction together.