Blueprint’s behavioral healthcare team advised a national REIT to re-tenant a vacant seniors housing asset in the Tulsa, Oklahoma MSA. The existing asset was vacant at the time of engagement and identified as a great candidate for a behavioral healthcare provider due to strong demand and referral networks for inpatient substance abuse and mental health care within the market.
So, Blueprint identified and negotiated lease and credit terms with behavioral healthcare-focused operators. Ultimately, a large regional substance abuse and inpatient mental healthcare operator was selected based on lease terms and execution capability.
In addition to identifying appealing lease terms, credit worthiness and the ability to mobilize quickly were key components of the assignment. Blueprint procured an LOI from the new tenant within one week from the commencement of the marketing effort, resulting in an executed lease soon thereafter. Andrew Sfreddo, Shane Harmon and Gunnar Raney handled the transaction.
