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KC Masterlease

Lease of 140-bed skilled nursing facility in Liberty, Missouri
Blueprint negotiates strategic lease transaction and executes seamless operational transition
Ashton Court Care and Rehabilitation Centre is located near Kansas City and was the operator's only location in the state

The operator sought an exit from the state to focus on other core markets, however previous efforts proved ineffective

Census levels were relatively steady with near-stable cash flow but facility-level rent coverage was limited

Blueprint tactfully negotiated the operator transition to the new tenant, securing attractive lease terms on behalf of the REIT landlord

This is the third lease transaction, representing 15 total facilities, that Blueprint completed with the incoming operator in the state, furthering the operator's strategic expansion in Missouri

Michael Segal

Ben Firestone