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Blueprint negotiates strategic lease transaction and executes seamless operational transition
Ashton Court Care and Rehabilitation Centre is located near Kansas City and was the operator's only location in the state
The operator sought an exit from the state to focus on other core markets, however previous efforts proved ineffective
Census levels were relatively steady with near-stable cash flow but facility-level rent coverage was limited
Blueprint tactfully negotiated the operator transition to the new tenant, securing attractive lease terms on behalf of the REIT landlord
This is the third lease transaction, representing 15 total facilities, that Blueprint completed with the incoming operator in the state, furthering the operator's strategic expansion in Missouri
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