Blueprint was brought on by a local owner/operator in its divestment of a 30-bed skilled nursing facility built in 2013 with all private beds in Cincinnati, Ohio. Located near a hospital, the facility was in great shape and only accepted Medicare and private pay residents.
The seller divested to recycle capital and pay down maturing debt obligations, shifting its focus to alternative asset classes. The buyer was a well-capitalized owner/operator seeking to expand and increase operational leverage within the Cincinnati market. Connor Doherty and Ryan Kelly handled the transaction. We believe the deal also set a record for price per bed for skilled nursing facilities in Ohio, which makes sense given the facility’s location, the quality of its physical plant and its quality mix.
