While the facility was generating in excess of $10,400,000 in total revenue on a trailing basis, a recent repositioning of operations paved the way for a transition. The landlord is a prominent private equity fund based in Dallas, and Blueprint procured St. Louis-based MGM Healthcare as the lessee. MGM is a provider of rehabilitation, skilled nursing, long-term care, assisted living and independent living currently operating 30 facilities in five Midwestern states. Blueprint recommended MGM as a natural fit to operate the facility given its corporate headquarters being located less than ten miles from the subject property and its recent growth and reputation for providing excellent care.

Blueprint was able to strategically negotiate a creative lease structure due to the quality of the location and the potential upside based on historical cash flows. Blueprint’s marketing approach enabled its client to evaluate multiple paths and close the deal quickly and quietly.

Jacob Gehl and Ben Firestone were the lead advisors on the transaction.