While the subject asset had demonstrated relatively strong historical unit level performance, the parent guarantor credit faced some volatility given recent investments in adjacent healthcare sectors. Given this, the Seller contacted the Tenant to understand their commitment to this location and were able to extend the lease out to 10+ years of initial term given Blueprint’s suggestion. Once extended, the Seller reached out to Blueprint to run a NNN sales process shortly thereafter.

Once engaged by the Seller, Blueprint embarked on a robust marketing campaign highlighting the attractive unit economics and subject asset performance while consistently monitoring organizational financials and guiding potential buyers.

Through its strategic marketing efforts Blueprint used its extensive knowledge of the behavioral healthcare sector and robust investor relationships seeking NNN leases in the space to procure multiple offers. Blueprint and ownership ended up ultimately selecting a private investment syndication as the buyer and worked closely with them to bring the asset to a closing at the end of the second quarter.