Blueprint’s Behavioral Healthcare and Seniors Housing teams were brought on by a regional seniors housing owner looking to lease its vacant assisted living/memory care community in Tennessee.
Because the community was empty, Blueprint could effectively market the asset as both seniors housing and behavioral healthcare conversion candidates. Blueprint recommended the owner deploy a behavioral healthcare marketing strategy given strong demand within Brentwood. Lease rate, term, credit and certainty of execution were all considered for the incoming tenant. The owner received three strong offers before selecting a regional behavioral healthcare provider.
The owner and incoming tenant executed a long-term lease and intend to convert the community to an inpatient mental healthcare center after capital improvements and licensing. Andrew Sfreddo, Kyle Hallion, Shane Harmon and Gunnar Raney of Blueprint handled this transaction.
