Riding into Sunset
Sale of 167-bed skilled nursing facility near St. Louis, Missouri
Blueprint runs highly targeted campaign and facilitates debt with HHC Finance
Facility located in an affluent southwestern suburb and underwent $1.2 million renovation in 2015. Despite renovation, census and cash flow steadily declined year-over-year.
Facility had long history of various REIT ownership and was considered a strategic asset disposition to support operator's motivation to exit the state. Blueprint sourced an East Coast owner-operator with a growing presence in the St. Louis area as the buyer.
Blueprint negotiated and successfully closed the transaction with HHC Finance sourcing the acquisition debt.