The Blueprint Buzz

We hope the team at Blueprint Healthcare Real Estate Advisors has found some time this NIC to celebrate their busy end to the summer, having announced four deals during the Fall conference. First up, with the help of Steve Thomes, Christopher Hyldahl, and Gideon Orion of Blueprint, as well as acquisition financing provided by Private Bank, Brick, New Jersey-based Tryko Partners LLC added to its already-strong eastern Massachusetts skilled nursing facility portfolio with the acquisition of a 107-bed facility in Methuen for $7.5 million, or $70,093 per bed. It was built in 1960 and renovated in 1995, but Tryko is planning, through its affiliate, Marquis Health Services, a $2.5 million renovation. Marquis will also add clinically driven pulmonary and cardiac rehabilitation programs. Occupancy was strong at 90%, and the quality mix topped 30%. Chris Hyldahl followed that deal up in Delaware, with the sale of two skilled nursing facilities in Millsboro and Smyrna for $54.1 million, or almost $163,000 per bed. This is the buyer’s, Summit Healthcare REIT, first transaction in Delaware. Connor Doherty, Jacob Gehl, and Brian Payant sold a healthcare campus in Northwest Ohio with over 200 independent living, assisted living, skilled nursing and long-term acute care hospital units/beds to a New York-based acute care operator. The second-generation owner had been involved with the campus for over 30 years. Finally, heading southeast, Ben Firestone and Trent Gherardini closed the sale of a 312-bed skilled nursing portfolio (including three facilities) on behalf of a private ownership group seller looking to exit the state. An East Coast-based private owner/operator with a presence in the region bought the portfolio for an undisclosed price.