After recent operational challenges, the asset had been designated a Special Focus Facility by the Centers for Medicare and Medicaid Services. This designation prompted the facility’s closure earlier this year which led to the decision by the REIT and tenant to sell the vacant asset.

Through a highly targeted marketing approach, Blueprint procured an Ohio-based owner-operator with experience taking over troubled facilities. The buyer plans to renovate, rebrand, and reopen the facility prior to the expiration of the bed licenses. Blueprint efficiently navigated all parties through the transaction resulting in a mutually beneficial outcome.

Ben Firestone, Michael Segal, and Connor Doherty facilitated the sale.