Blueprint Healthcare Real Estate Advisors’ Connor Doherty and Ryan Kelly announced two recent SNF closings. We’re used to the pair working on deals in the Buckeye State, but the first transaction consisted of a 50-bed/19-unit private-pay skilled nursing facility and independent living community in Cape Cod, Massachusetts. Named The Terrace Orleans, the facility was originally built in 1968 and was fully renovated in 2000. A Massachusetts-based operator seeking to grow its regional presence was selected as the buyer, and this purchase marks the operator’s first facility real estate acquisition. No purchase price was disclosed.
The second transaction involved the sale of two skilled nursing facilities in the Dayton, Ohio MSA. The two facilities were originally built in the 1990s and underwent considerable renovations since 2010. A regional owner/operator sold the two facilities to an East Coast-based owner/operator making their first purchase in the state.
