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Short and Sweet

SKILLED NURSING
Sale of a 108-bed skilled nursing facility in Dayton, Ohio
Blueprint was retained by the non-profit seller to formulate an exit strategy and determined the fair market of the asset was less than the HUD loan obligations, advising a short sale process as the best course of action
The well-maintained community was built in 1975 and had recently struggled with survey issues and financial insolvency - Blueprint positioned the offering as a value-add opportunity, identifying distinct upside in several achievable cost control measures for an incoming operator
Utilizing its broad network of market participants, Blueprint engaged capital providers, operators, attorneys, lenders, and HUD contacts to effectuate short sale approval over a six-month period
Blueprint identified a private equity owner-operator as the optimal buyer for its ability to execute OTA/APA prior to HUD approval and close all-cash
Blueprint's process led to a successful outcome for all parties involved and closing in under 25 days following HUD approval

Connor Doherty
Executive Managing Director
Seniors Housing & Care

Ryan Kelly
Managing Director
Seniors Housing & Care
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