Blueprint Healthcare Real Estate Advisors didn’t have to go far to close its next portfolio deal. Michael Segal and Ben Firestone worked together out of the firm’s Chicago headquarters to sell three skilled nursing facilities in central Illinois. Totaling over 450 licensed beds, the portfolio was operating slightly above breakeven, with occupancy in the mid-80s. An experienced investor in the space and a Chicago-based operator teamed up to acquire and operate the portfolio, paying an undisclosed price.
The deal follows Blueprint’s successful sale of three seniors housing properties in Utah to SmartStop Asset Management, arranged by Jacob Gehl, Amy Sitzman and Giancarlo Riso. It also comes on the heels of two other portfolio sales closed by Blueprint so far this year, including a three-property acquisition in the Atlanta area and a 20-skilled nursing facility sale in the Midwest for over $100 million, among several other transactions. We will wait and see how the dust settles on the firm’s first quarter.
