A dually-certified skilled nursing facility located in between Denver and Colorado Springs sold to its existing operator/tenant, with Amy Sitzman and Giancarlo Riso of Blueprint Healthcare Real Estate Advisors handling the transactions.
The 1970s-built facility benefitted from its experienced Colorado SNF operator which was brought in by ownership in 2016 under a triple-net lease structure. Originally, an out-of-state buyer submitted a compelling offer looking to make a strategic acquisition in the state but ultimately decided to withdraw. This allowed the existing tenant to exercise its purchase option at a previously agreed-upon price.
The tenant had originally planned to assume the owner’s existing HUD loan at closing, but both parties agreed to move forward with an all-cash deal to bring this transaction quickly to a close. Given how volatile the market has been recently, that seems like a good call.
