By strategically positioning the deal as a unique opportunity to acquire an existing seniors housing asset significantly below replacement cost or to convert the property to an alternative healthcare use, Blueprint was able to procure multiple competitive offers

Following the strategic marketing process, Blueprint advised the publicly traded REIT to structure a lease with a multistate behavioral health operator who will convert the property to an addiction recovery facility

This transaction marks the REIT’s first entrance into the Behavioral Health industry which will allow it to further diversify its existing Portfolio while also providing a new growth vertical