The two facilities are located more than 250 miles apart on opposite sides of the state and licensed for 234 total beds. While operated by the same provider and generating in-place cash flow, there were minimal synergies between the facilities and operations were not stabilized during the sales process. Blueprint positioned the offering as a value-add opportunity to more competitively position the assets in their respective local markets through capital investment to drive census growth.

By leveraging its vast network and regional coverage, including both real estate investors and operationally-minded buyers, Blueprint's marketing process yielded several qualified offers. Ultimately, a Louisiana-based healthcare real estate investor emerged as the ideal buyer candidate given their willingness to keep the existing operator in place. This was the buyer's first foray into the skilled nursing space and retaining the current operator allowed for an expedited transaction since neither CHOW nor operational transition were required.