Blueprint Takes the Edge Off
Blueprint spins off skilled nursing facility one year after completing portfolio lease transaction
Located in the northwest Ohio town of Edgerton, Park View Nursing Center is a 92-bed skilled nursing facility serving residents in and around Williams County since 1968.
Following Blueprint’s portfolio lease transaction in 2020 that included Park View, it was determined by the operator and its REIT landlord that Park View, while operationally improving, was a geographic outlier to its greater Ohio region and it would benefit both landlord and tenant to seek a strategic exit.
Blueprint was engaged to confidentially market the facility for sale and procured an experienced Kentucky-based operator seeking to grow its regional presence with its first facility real estate acquisition.
Working actively to facilitate contract negotiations, due diligence, and transition-related communication, Blueprint completed the timely sale to all parties’ satisfaction.