Blueprint conducted an exclusive and limited process on behalf of a publicly-traded REIT and regional operator, both of which sought to strategically divest of this particular asset. Blue Ash Care Center is a single-story building originally built in 1969 and renovated in 2006. Through its precise and calculated marketing approach, Blueprint targeted, identified, and facilitated a partnership between Nick Martinez & Todd Okum of O&M Investments, LLC, a savvy, out-of-state real estate investor and an in-state operator with a specialty focus on providing high-acuity care.
The purchase price was $4,000,000, or $62,500 per bed.
Connor Doherty, Ben Firestone and Michael Segal were the advisors on the transaction.