Meet Me at the Plaza
Sale of Plaza Del Rio, a 128-bed skilled nursing and long-term acute care facility located in the Phoenix suburb of Peoria
The seller engaged Blueprint for its transactional expertise in the region, its deep access to skilled nursing buyers, and its understanding of LTACs
The seller, a Florida-based philanthropist and senior living developer, held the asset in a charitable remainder trust. For a number of strategic reasons, the owner made the decision to liquidate the community and convert the asset to cash.
At the time of the sale, Plaza Del Rio was 80% occupied in the SNF while the LTAC was leased to a third-party operator facing operational challenges. Blueprint's approach required the evaluation of a number of different transaction scenarios-specifically in addressing the LTAC and its tenant.
Blueprint ultimately identified an affiliate of The Ensign Group as buyer. Already owning a substantial skilled nursing, assisted living, and home health presence in the region made Plaza Del Rio a desirable bolt-on acquisition to its existing operational footprint. Blueprint worked to ensure desirable transaction terms benefiting both parties.