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Purpose-built in 1982, with significant renovations in 2006, the 78-bed facility is well-located just off Commonwealth Avenue in the vibrant neighborhood of Brighton in Boston.
The 91% occupied facility benefits from its proximity to Boston Medical Center – Brighton, just one mile away, and, at the time of sale, was experiencing revenues exceeding $10 million annually.
The seller, a well-regarded REIT in the seniors housing and skilled nursing sector, determined that the facility was a strong candidate for sale, given its strategic location in conjunction with desires from the former operator to focus on other assets in their mutual portfolio.
Utilizing unparalleled market knowledge and access, Blueprint ran a tailored marketing process focusing on acquirers from both the skilled nursing and behavioral health sectors with the ability to close efficiently. This approach resulted in multiple competitive offers from reliable acquirers.
The seller ultimately selected to transact with a proven East Coast-based skilled nursing owner/operator with an established presence in the Commonwealth. As with most transactions, challenges arose. Blueprint worked diligently alongside their pragmatic client, their talented operating partner, and the steadfast acquirer to see the transaction through to closing.
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