Michael Segal and Ben Firestone of Blueprint Healthcare Real Estate Advisors facilitated the sale of a five-facility senior care portfolio, representing a public REIT in the process. These skilled nursing facilities and seniors housing communities were built in the early 1990s and are located throughout central and western Virginia. They have between 57 to 89 licensed beds each, totaling 326 beds. Most of the facilities/communities were four- and five-star rated with relatively stable census and cash flow. The buyer was the in-place operator.
Blueprint emphasized Virginia’s Medicaid reimbursement increases in its marketing process to showcase the underlying performance trends and growth trajectory, closing the transaction in less than 60 days from contract execution. Blueprint also sourced the equity and debt financing needed to capitalize the acquisition.
