By eporter on January 12, 2023
A publicly traded REIT selected Blueprint to run a competitive marketing process for a portfolio of five seniors housing communities, totaling ~250 units, located along the Blue Ridge Mountains in Virginia
Three of the assets were constructed between 1997 and 2002, one was built in the early 80s, and the last is a historic landmark dating back to 1916
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The portfolio was positioned as an opportunity to acquire a set of pandemic-impacted, underperforming communities, to grow census back to previously stabilized levels, and to capitalize on the limited competition within their respective submarkets moving forward
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Blueprint conducted a targeted marketing campaign to local, regional, and national seniors housing operators and investors, focused on groups familiar with the region that were attracted to the upside associated with the turnaround opportunities
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After receiving multiple offers, Blueprint selected a Family Office experienced in such turnarounds, working constructively with all parties to navigate mounting headwinds in the capital markets to successfully close the portfolio transaction |
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Posted in Breaking News, Companies & People, REIT Report, Transactions