Re-tenancy of a 150-bed skilled nursing facility near Toledo, Ohio
Blueprint ran the process on behalf of a New York-based investment management firm with focus in the long-term care industry
Blueprint leveraged its extensive understanding of the asset and its operational needs to develop a targeted marketing strategy. The process ultimately resulted in a multi-year, NNN lease with an experienced, creditworthy operator that plans to execute a purchase option by 2021.
Blueprint facilitated an expedited change of operator process that took less than 60 days from LOI to transition date. Key to the successful transaction was Blueprint’s expert navigation of the nuances of Ohio’s Medicaid reimbursement environment- resulting in a roughly $23 increase to the facility’s per patient day rate.