The seller, a Florida-based philanthropist and senior living developer, held the asset in a charitable remainder trust. For a number of strategic reasons, the owner made the decision to liquidate the community and convert the asset to cash.

At the time of the sale, Plaza Del Rio was 80% occupied in the SNF while the LTAC was leased to a third-party operator facing operational challenges. Blueprint's approach required the evaluation of a number of different transaction scenarios-specifically in addressing the LTAC and its tenant.

Blueprint ultimately identified an affiliate of The Ensign Group as buyer. Already owning a substantial skilled nursing, assisted living, and home health presence in the region made Plaza Del Rio a desirable bolt-on acquisition to its existing operational footprint. Blueprint worked to ensure desirable transaction terms benefiting both parties.