Blueprint Healthcare Real Estate Advisors Hires CEO
Blueprint Healthcare Real Estate Advisors had some big news this week. Founded in 2013 by Ben Firestone, Jacob Gehl and Chris Hyldahl, the brokerage company just named Torey Riso as its first President and CEO. Riso brings 25 years of real estate and senior care experience to the young firm. He was part of the team that founded Care Investment Trust in 2007, where he served as President and CEO from 2009 until its sale late last year for $425 million. At the time of the sale, Care Investment Trust had investments in 42 senior living communities in 11 states. Blueprint has grown dramatically in its first three years, and we suspect that Riso’s experience and contacts will help bring in some... Read More »
Private Equity Purchases Alabama Independent Living Community
A private equity group based in Florida saw potential in a distressed independent living community in Montgomery, Alabama, acquiring the property for an undisclosed price. Occupancy was below 50%, but the property featured a number of amenities like large common areas, an outdoor patio and barbecue area, three courtyards, beauty/barber salon and a media room, among others. The buyer, which specializes in affordable seniors housing, will certainly have its hands full turning around the distressed asset. Brooks Blackmon and Trent Gherardini of Blueprint Healthcare Real Estate Advisors handled the transaction, and Blueprint’s General Counsel, Josh Salzman, managed the legal... Read More »
More Publicly-Traded REIT SNF Sales
Blueprint Healthcare Real Estate Advisors announced a slew of skilled nursing transactions at the beginning of December, closing five for clients (mainly publicly traded REITs) across the country. Ben Firestone and Mike Segal represented a publicly traded REIT owner in its disposition of a 119-bed SNF in Nashville, Tennessee for $16 million, or $134,500 per bed, which according to our database is the highest-valued SNF deal in Tennessee ever, on a per-bed basis. The recently upgraded facility was previously purchased in a portfolio, but it piqued the interest of a regional operator, which emerged as the buyer. The same public REIT seller decided to wind down its relationship with a... Read More »
All In The Family
The phrase “it’s not personal, it’s just business,” doesn’t always apply. Sometimes it’s both. That was the case with Ben Firestone’s (of Blueprint Healthcare Real Estate Advisors) latest sale, which was sourced by his 90-year old grandfather. Still involved in the real estate business and showing up to work every day at 90 years old, Ben’s grandfather knew of a friend who owns a paper company in Houston, Texas but also recently decided to build a 98-unit assisted living/memory care community in the area, hiring a third-party manager at the same time. The lead paid off, as Mr. Firestone was able to sell the community (still in lease-up and 70% occupied at closing) to a private equity firm... Read More »Schedule a demo
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