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Local Team Fills Void in STL
Sale of 147-bed skilled nursing facility in St. Louis suburb of Des Peres
Blueprint is pleased to announce the successful lease structuring of The Quarters of Des Peres, a 147-bed skilled nursing facility located in the affluent St. Louis suburb of Des Peres.
While the facility was generating in excess of $10,400,000 in total revenue on a trailing basis, a recent repositioning of operations paved the way for a transition.
The landlord is a prominent private equity fund based in Dallas, and Blueprint procured St. Louis-based MGM Healthcare as the lessee.
MGM is a provider of rehabilitation, skilled nursing, long-term care, assisted living and independent living currently operating 30 facilities in five Midwestern states.
Blueprint recommended MGM as a natural fit to operate the facility given its corporate headquarters being located less than ten miles from the subject property and its recent growth and reputation for providing excellent care.
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