Blueprint Healthcare Real Estate Advisors announced the sale of a skilled nursing facility in Los Angeles, California. Built in 1997, The Rehabilitation Centre of Beverly Hills comprises 150 Medicare beds and is located near the prestigious hospital of Cedars-Sinai Medical Center. It also received many referrals from the hospital. There was an active bidding process, and a Los Angeles-based family office ultimately sold the asset to a private, high-net-worth owner/operator based in Los Angeles. The seller also negotiated a short-term lease for the facility until it identified an exchange property.
Jacob Gehl, Humair Sabir and Scott Frazier of Blueprint Healthcare Real Estate Advisors worked on the deal. It was also revealed that White Oak Healthcare Partners, a subsidiary of White Oak Healthcare Finance, secured $32.85 million in financing for the acquisition. The three-year variable rate loan came with two one-year extension options and was sized to HUD guidelines. Ross Holland and Joe Munhall originated the transaction.
