Blueprint Healthcare Real Estate Advisors announced a couple other late-2022 transactions in the Midwest. The first deal featured an active adult community in the Dayton, Ohio MSA selling to a private equity investor and operator that is looking to expand through an aggressive acquisition strategy. Built in the mid-2000s, the 40-unit community was nearly 100% occupied. It was previously owned by a regional owner/operator that had sold two nearby skilled nursing facilities at the end of 2021, one of which was adjacent to the active adult community.
The same PE buyer had acquired those SNFs, and adding this community, plus a 12,000-square-foot office building and a 5.7-acre parcel, made sense. With a SNF and AA (potentially IL with the addition of some services) components already in place, a CCRC model could make sense down the road. With the sale of these non-core properties, the previous owner was able to recycle capital and will look to grow elsewhere. Connor Doherty and Ryan Kelly of Blueprint handled the deal.
Next, Michael Segal and Ben Firestone represented a public REIT in the sale of a 90-bed skilled nursing facility in Jackson, Missouri. This was the previous operator’s only location in the state, but the facility enjoyed limited local competition and strong local and regional referral sources. Built in 1979, the facility has all private rooms and maintained consistent census with a good quality mix, too. Those factors have all yielded strong buyer demand in SNFs in the last year, and this facility was no exception. A Missouri-based owner/operator bought the property for an undisclosed price, and Blueprint closed the deal within 50 days of initial outreach.
