The Blueprint team quickly determined that there was a narrow, but viable, path to re-zoning the asset for a Behavioral Healthcare use, which markedly increased the sale value of the vacant real estate. Blueprint then leveraged its market knowledge to quickly identify a behavioral healthcare-focused owner/operator that was uniquely qualified to manage the requisite rezoning and conversion process in this particular jurisdiction and would therefore be uniquely interested in the investment opportunity.

The buyer, a Pennsylvania based entity with extensive regional experience, submitted a compelling offer along with a comprehensive plan to receive the appropriate zoning approvals. Given the buyer’s extensive experience with zoning within the county, and the vital services they provide to the local population, the seller accepted the offer. Blueprint helped the seller navigate the complex diligence process, involving both a parking variance and zoning variance prior to a successful closing.

The rifle-shot approach resulted in a win-win for both sides, and highlights Blueprint’s ability to think beyond traditional exit strategies and navigate challenging physical and financial circumstances to generate meaningful outcomes for ownership.