Blueprint Healthcare Real Estate Advisors has arranged the sale of a Connecticut skilled nursing portfolio on behalf of a joint venture owner. The portfolio comprises three facilities totaling more than 380 units in the greater Hartford area. The facilities had historically maintained stable census levels with a steady stream of referrals and admissions from regional referral sources, including Hartford Hospital, Manchester Memorial and Rockville General. Multiple parties were interested in the portfolio, but it ultimately sold to a regional acquirer.
The buyer plans to focus on operational efficiencies, including addressing excess staffing, as well as investing in capital projects at the facilities. Steve Thomes, Michael Segal and Brooks Blackmon of Blueprint Healthcare Real Estate Advisors handled this transaction.
