DONE DEAL:
New Team Takes Whitehouse
Blueprint is pleased to announce the successful sale of Whitehouse Country Manor, a 90-licensed bed skilled nursing and long-term care facility located in the Toledo suburb of Whitehouse. Blueprint successfully executed the sales process on behalf of a publicly-traded REIT seeking to strategically divest of the non-core asset.

The sale was prompted by the operator’s motivation to exit this hyper-competitive submarket and focus on other regions in the state. To maintain census, the operator identified an opportunity to tap into a niche resident group by offering behavioral health services to the market. However, the lower reimbursement rate for this population limited the facility’s cash flow potential.

Through a dialed-in marketing approach targeting both investors and regional operators, Blueprint introduced a real estate investor to a rapidly growing in-state operator known for its turnaround expertise. This newly-formed partnership emerged as the ultimate buyer and quickly identified a need to change course by implementing a more hands-on leadership approach at the facility level.

The transaction was handled by Connor Doherty, Michael Segal, and Ben Firestone.

LEAD ADVISORS
Connor Doherty
Director
(312) 300-4834
cdoherty@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com