The team at Blueprint Healthcare Real Estate Advisors showed their expertise in finding a new tenant for a 150-bed skilled nursing facility near Toledo, Ohio. Working on behalf of the landlord, a New York-based investment management firm that focuses on long-term care, Gideon Orion, Connor Doherty and Ryan Kelly were able to execute a change of operator less than 60 days from LOI to transition date.
The new creditworthy operator entered into a multi-year, triple-net lease with plans to execute on a purchase option by 2021. In the process, the facility was also able to raise its Medicaid per-patient-day rate by about $23. That should make the transition even smoother.
