In the Know in Ohio
Sale of 150-bed SNF near Youngstown, Ohio
Blueprint leverages extensive knowledge of Ohio investors to drive value and close another transaction during the Covid-19 pandemic
The facility is located in Northeast Ohio in the Youngstown MSA. Turnover in key leadership positions had recently caused occupancy to decline.
Blueprint positioned the property as a value-add opportunity and laid a path to additional upside by delicensing beds to create more private rooms.
Blueprint conducted a targeted campaign leveraging its vast knowledge of active investors in the local market. The process maximized the trade for the seller by yielding four competitive offers from regional owner-operators.
The selected buyer is a well-capitalized owner-operator actively expanding in the Midwest.
Blueprint's collaborative team and agile platform allowed for the successful close even with the challenges and uncertainty caused by the COVID-19 pandemic.