While in operation, the skilled nursing facility encountered significant operational challenges and a growing list of deferred capex, resulting in its closure.

The zoning of the parcel was best suited for a healthcare use, and Blueprint targeted its network of active, regional real estate groups poised for acquisition with the opportunity. The marketing process revealed several interested parties and a growing, nationally-focused substance abuse rehabilitation provider was ultimately selected.

The buyer is planning significant renovations to convert the facility for its new use in the coming months. The transaction brought a successful outcome for Blueprint’s client, as well as for the buyer that is growing its substance abuse rehabilitation platform throughout New England.