Walker & Dunlop’s Gideon Orion recently handled the sale of a four-building skilled nursing portfolio in Ohio. Located around the Columbus MSA, the portfolio consisted of approximately 400 beds and was previously owned by a publicly traded REIT. Built from the 1970s to the 1980s, the facilities were being sold because the REIT’s operating partner was exiting the state.
The portfolio was competitively bid by at least six bidders before a national owner/operator with a presence in Ohio and in the specific submarket was selected as the ultimate buyer. The seller chose them for their expedited timeline, price, and the terms of their offer in securing the transaction. Orion closed the transaction in less than six months from initial offers.
