Blueprint was brought in in the divestment of a skilled nursing facility in Ohio. Purpose-built in 2015 as a transitional care facility in a northeastern suburb of Akron, the SNF comprises 80 beds and presents numerous paths to stabilization with strong fundamentals and attractive in-place HUD financing.
Both regional and national acquirers were targeted, resulting in offers from five credible groups. The selected bidder was a regional owner/operator with significant experience in northeast Ohio, allowing for a quick HUD Transfer of Physical Assets Approval. The transaction closed before the end of June, enabling the facility to remain eligible for the Quality Incentive Payment Program in January of 2025. Connor Doherty and Ryan Kelly handled the transaction.
