Blueprint’s Good Samaritan Sale

The Evangelical Lutheran Good Samaritan Society, a not-for-profit owner/operator, sold three of its skilled nursing campuses in northwest Illinois, near the Iowa border. Totaling 214 skilled nursing beds and 65 independent living/senior apartment units, the portfolio was well maintained and boasted good local reputations. The buyer will look to manage expenses and boost operational synergies […]

acquisition-deal
acquisition-deal

Blueprint Sells Boutique Assisted Living Portfolio

Brooks Blackmon of Blueprint Healthcare Real Estate Advisors used his Southeast expertise to sell a portfolio of four boutique assisted living communities in Alabama. The small communities, which were all built in the late-1990s, were deemed to be non-core by the skilled nursing-focused owner/operator. In addition, they were operating around breakeven and offered a value-add […]

Blueprint Sells Turnaround Texas Asset

A memory care community in need of a total turnaround just sold in the Turtle Creek neighborhood of Dallas, Texas. Ben Firestone and Joshua Salzman of Blueprint Healthcare Real Estate Advisors represented the seller, a publicly traded REIT whose national operator partner deemed the community to be non-core. The 32-unit community was both too small […]

Regional Operator Expands Its Southeast Portfolio

A not-for-profit provider of skilled nursing services in the Southeast deemed three of its facilities to be non-core, selling them to a regional operator. Located within an hour’s drive of one another, two of the facilities are located in the Hampton Roads, Virginia, market and one is just over the border in Currituck County, North […]

When an EB-5 Investment Goes Wrong

Sometimes a brand-new physical plant and high-quality operator isn’t enough to keep a senior care facility from hitting financial difficulties. That was the case of a two-year old transitional care facility in Tucson, Arizona that just sold to a Chicago-based owner/operator in a transaction led by Amy Sitzman, Jacob Gehl and Humair Sabir of Blueprint […]

Blueprint Arranges Two Assisted Living Transactions

Caring for higher acuity residents in assisted living comes with added risks, staffing needs and costs. That goes without saying. But, by accepting those residents, owners and operators also charge higher rents and expect a higher level of cash flow to compensate them. That is at least what the new owner of two assisted living […]

Blueprint Represents Good Samaritan In Arizona Sale

Sioux Falls, South Dakota-based The Evangelical Lutheran Good Samaritan Society exited two of its senior care facilities in the Phoenix area with the help of Amy Sitzman of Blueprint Healthcare Real Estate Advisors. If this deal looks familiar, it’s because The Ensign Group announced early in the May that it was the buyer of the […]

Blueprint in the Buckeye State

Blueprint Healthcare Real Estate Advisors announced a couple of Ohio closings at the start of June. The firm first sold an 88-bed skilled nursing facility in Orrville, a small town about 40 miles south of Cleveland. Originally built in 1974, the facility was recently renovated and also features two independent living cottages totaling eight units. […]

Blueprint Leases St. Louis-Area Skilled Nursing Portfolio

A portfolio of three skilled nursing facilities and 444 total beds in the St. Louis, Missouri area found a new operator/tenant thanks to Ben Firestone, Michael Segal and Billy Lichtenstein of Blueprint Healthcare Real Estate Advisors. Featuring positive cash flow (benefitted by Missouri’s Medicaid rate increase) and desirable locations near Barnes-Jewish Hospital, these facilities are […]