Blueprint was engaged by a private investor group to facilitate the sale of a personal care home in the Pittsburgh suburb of Canonsburg. This property was subdivided and sold separately from Blueprint’s previously announced bankruptcy sale of nine skilled nursing facilities in Western Pennsylvania.
Built in 2001, North Strabane Retirement Village comprises 64 units and 70 beds and is adjacent to its sister skilled nursing facility. The nearly 50,000 square-foot, two-story building sits on approximately seven acres and consists of six semi-private rooms, 25 studio apartments and 33 one-bedroom units. Unit sizes range from 135 to 342 square feet and all units feature private bathrooms. It was vacant at the time of sale.
Blueprint conducted a formal auction to drive market interest despite the community’s prior operational challenges that led to its strategic closure. Highlighting the property’s physical plant quality and layout flexibility, Blueprint targeted senior living acquirers, alternative-use developers and real estate investors, eliciting competitive bids from multiple parties. The winning all-cash bid was received from a local real estate investor intending to invest significant capital into the property. Michael Segal, Kyle Hallion and Daniel Waldhorn of Blueprint handled the transaction, which closed within 75 days of marketing launch.
