Last month, Blueprint Healthcare Real Estate Advisors handled the sale of a vacant skilled nursing facility that was developed by Mainstreet but never opened. We know there were a number of those kinds of facilities, with all the bells and whistles but never an open sign, and sure enough, the Blueprint team closed another sale of one.
The 94-unit facility was built in 2017 in Phoenix and featured both skilled nursing (transitional care) and assisted living units. But its lender foreclosed on the property. There is certainly potential in the new building with plenty of common space and located just down the street from Banner Estrella Medical Center, plus two other major hospitals within eight miles. The new owner was not disclosed but is an active buyer in the Southwest. Amy Sitzman and Giancarlo Riso handled the transaction.
