A state-of-the-art rehabilitation and skilled nursing facility in Danvers, Massachusetts (Boston MSA) secured a new operator and lease arrangement. The developer/landlord and existing tenant engaged Blueprint’s Michael Segal, Ben Firestone, Daniel Waldhorn and Steve Thomes to run a strategic marketing process, which yielded three lease proposals. A growing East Coast-based operator that had recently expanded into Massachusetts with its first acquisition earlier this year was eventually chosen as the new operator/tenant.
Located across the street from Beverly Hospital at Danvers and within close proximity to several other referral sources in a densely populated suburb, the facility was constructed in 2012 and is the newest skilled nursing facility serving the local submarket. The facility’s census quickly rebounded from the pandemic reaching stabilization with a strong quality mix. The incoming operator received state licensure approval and commenced the new lease on August 1st.
