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Purpose-built in 2015 as a transitional care facility in a northeastern suburb of Akron, the 80-bed skilled nursing facility presented numerous paths to stabilization with strong fundamentals and attractive in-place HUD financing
Blueprint effectively marketed the upside provided by the low-rate debt coupled with strong submarket fundamentals and the opportunity to further develop local referral relationships
Utilizing a marketing approach targeting both regional and national acquirers, the process resulted in offers from five highly credible groups. The selected bidder was a regional owner/operator with significant experience in Northeast Ohio allowing for a quick HUD Transfer of Physical Assets approval
Blueprint proactively guided the transaction through all aspects of the contracting, diligence, and transition process to ensure the deal closed before mid-year 2024 in order to remain eligible for the Quality Incentive Payment Program in January of 2025
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