Connor Doherty and Ryan Kelly of Blueprint Healthcare Real Estate Advisors have been on a roll lately, closing transaction after transaction in the state of Ohio. The latest one features a skilled nursing/assisted living facility located near the University of Akron campus. Originally built in 1917 and comprehensively renovated in the mid-2000s, the facility was previously owned by a regional owner/operator that decided to focus on other aspects of their portfolio.
Straightforward transactions have been few and far between during the last year, and Messrs. Doherty and Kelly did encounter some acquirer hesitancy. However, negotiations continued, and the deal closed in early April. A private equity firm paid an undisclosed price for the property.
