| Developed in 2021 by Leo Brown Group, a regional owner/developer in the healthcare space, and leased to a major Michigan health system, this geriatric behavioral hospital had approximately 13.5 years remaining on an absolute net lease at time of sale
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After receiving certificate of occupancy and allowing a year for the asset to season, Leo Brown Group engaged Blueprint as the exclusive sell-side advisor to market the asset given their knowledge of the behavioral space and breadth of their buyer pool
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Blueprint strategically structured a tiered marketing campaign to behavioral focused groups, as well as general healthcare real estate investors, yielding a competitive cap rate and very favorable result for the client
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Pricing and timeline were two key components of the assignment, and as a result Blueprint procured an all-cash offer with a very short diligence period
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Utilizing a collaborative approach across both its Behavioral and Medical Office verticals, Blueprint was able to quickly identify well-capitalized prospects and ultimately closed the deal within 32 days of signing of the PSA
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Originally engaged in November 2022, Blueprint closed the transaction within less than 120 days of marketing launch |
