The first closing includes three properties with 347 licensed beds and is comprised of two skilled nursing facilities and one assisted living community. Through a calculated marketing process, Blueprint first secured a well-capitalized, regional operator to lease the properties from the seller with a predefined purchase option. The second phase of Blueprint’s process involved restructuring the capital stack to allow for maximum leverage once the new tenant executed the option to acquire the properties.
The transaction culminated with Blueprint executing the sale to the lessee along with sourcing HUD acquisition financing. The transaction led to a successful outcome for all parties involved, as well as a smooth ownership transition without disruption to operations.
The transaction was handled by Jacob Gehl, Michael Segal, and Connor Doherty.