DONE DEAL:
Lightning Strikes Again
Blueprint is pleased to announce the successful sale of Fairview Care Center of Bethlehem Pike, a 176-bed skilled nursing facility in the Chestnut Hill area of Philadelphia, Pennsylvania. Blueprint executed the deal as a related, follow-up transaction between the buyer and seller of the recently announced Lightning Portfolio sale.

While navigating through certain transaction-related obstacles associated with the larger portfolio, Blueprint creatively overcame the issues by advising its client to strategically divest of Fairview Care Center of Bethlehem Pike under similar terms to that of the portfolio sale. The single-asset transaction allowed the seller to realize solid market value while maintaining the overall portfolio premium, and the buyer, a regional owner-operator with a growing presence in and around the Philadelphia market, found the Bethlehem Pike location attractively situated within its growing regional footprint. Blueprint struck the sale within 90 days of contract execution and less than 60 days following the Lightning Portfolio closing.

The transaction was handled by Ben Firestone, Christopher Hyldahl, Michael Segal, and Gideon Orion.

LEAD ADVISORS
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Gideon Orion
Managing Director
(310) 893-7183
gorion@blueprintHCRE.com