Sale of a skilled nursing facility that was no longer in operation
The unique offering in Concord, Massachusetts presented several alternative use options for prospective real estate acquirers
While in operation, the skilled nursing facility encountered significant operational challenges and a growing list of deferred capex, resulting in its closure.
The zoning of the parcel was best suited for a healthcare use, and Blueprint targeted its network of active, regional real estate groups poised for acquisition with the opportunity. The marketing process revealed several interested parties and a growing, nationally-focused substance abuse rehabilitation provider was ultimately selected.
The buyer is planning significant renovations to convert the facility for its new use in the coming months. The transaction brought a successful outcome for Blueprint’s client, as well as for the buyer that is growing its substance abuse rehabilitation platform throughout New England.