Coming off another successful year for M&A closings, Blueprint Healthcare Real Estate Advisors announced several role changes. First, co-founders Ben Firestone and Jacob Gehl were named Chief Executive Officer and Chief Vision Officer, respectively. Mr. Firestone will continue leading the firm’s management team and tinkering with its service offerings, while Mr. Gehl will develop and execute Blueprint’s long-term growth plan. Both will continue acting as investment sales advisors as well.
In addition, longtime team members Ryan Chase, Michael Segal and Steve Thomes rose to partners and Executive Managing Directors.
We also learned that Blueprint has current offerings amounting to about $3.7 billion in market value, after so far closing 15 transactions worth just under $500 million so far this year. So, we’re expecting a big year from them.
Following this announcement, Blueprint disclosed a major lease agreement between a public REIT and a regional operator. The portfolio being re-leased features six skilled nursing facilities and one assisted living community in Pennsylvania. As part of a larger restructuring between the REIT and its regional operating partner, Blueprint was engaged to identify strategic options for the portfolio.
Both purchase and lease proposals were considered before a regional provider was ultimately selected to enter into a master lease with the REIT. Michael Segal, Connor Doherty and Ryan Kelly worked on the deal.
