The existing asset was vacant at the time of engagement and identified as a great candidate for a behavioral healthcare provider due to strong demand and referral networks for inpatient substance abuse and mental health care within the market

Blueprint deployed a targeted campaign to identify and negotiate lease and credit terms with behavioral healthcare-focused operators that were acceptable to the REIT client. Ultimately, a large regional substance abuse and inpatient mental healthcare operator was selected as the ideal tenant for the asset based on lease terms and execution capability

In addition to identifying appealing lease terms, credit worthiness and the ability to mobilize quickly were key components of the assignment. Blueprint procured an LOI from the new tenant within one week from the commencement of the marketing effort, resulting in a mutually executed lease soon thereafter