DONE DEAL:
Cash Me Outside
Blueprint is pleased to announce the first closing of a multistage portfolio sale made up of assisted living and skilled nursing facilities in northeast Ohio. The seller, a regional owner-operator seeking to transition out of day-to-day operations, engaged Blueprint for its multifaceted solutions strategy, allowing the seller to reduce exposure and monetize the portfolio.

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.

LEAD ADVISORS
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Connor Doherty
Director
(312) 300-4834
cdoherty@blueprintHCRE.com