Forest View is situated in a desirable, urban infill location adjacent to a local medical center. The asset maintained a Five-Star rating from CMS but, due to restrictive admissions criteria and an underutilized vacant floor, census remained relatively low compared to local skilled nursing and long-term care providers. Blueprint’s marketing strategy focused on the real upside opportunities to reprogram operations and renovate the vacant floor to bolster admission activity and boost revenues.
Blueprint’s real-time market knowledge of investors and operators seeking value-add acquisition targets enabled the advisory team to procure several competing offers. The team identified a newly-formed, opportunistic investor-operator partnership that saw the facility for its tremendous upside potential. Leading up to closing, Blueprint facilitated a seamless operational transition that positioned the new operator for success.
The transaction was handled by Connor Doherty and Michael Segal.