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Developed in 2021 by Leo Brown Group, a regional owner/developer in the healthcare space, and leased to a major Michigan health system, this geriatric behavioral hospital had approximately 13.5 years remaining on an absolute net lease at time of sale
After receiving certificate of occupancy and allowing a year for the asset to season, Leo Brown Group engaged Blueprint as the exclusive sell-side advisor to market the asset given their knowledge of the behavioral space and breadth of their buyer pool

Blueprint strategically structured a tiered marketing campaign to behavioral focused groups, as well as general healthcare real estate investors, yielding a competitive cap rate and very favorable result for the client

Pricing and timeline were two key components of the assignment, and as a result Blueprint procured an all-cash offer with a very short diligence period

Utilizing a collaborative approach across both its Behavioral and Medical Office verticals, Blueprint was able to quickly identify well-capitalized prospects and ultimately closed the deal within 32 days of signing of the PSA

Originally engaged in November 2022, Blueprint closed the transaction within less than 120 days of marketing launch


Blueprint Behavioral Delivers... Detroit Style

Blueprint deploys collaborative marketing strategy to achieve best-in-class pricing on long-term single-tenant-leased behavioral hospital

Andrew Sfreddo

Gunnar Raney

Shane Harmon

Matt Jos

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