DigitalBridge Divests Two Kansas Communities
DigitalBridge Group, formerly known as Colony Capital, recently announced it was divesting its healthcare real estate assets in order to focus on its digital infrastructure business. Two of the seniors housing properties have found a new owner with the help of Ben Firestone, Michael Segal and Lauren Nagle of Blueprint Healthcare Real Estate Advisors. The two communities, located in the Kansas City, Kansas MSA, were built in the early 2000s but have received subsequent renovations. Leawood Gardens is a 70-unit assisted living/memory care community in Johnson County, and Blackhawk Assisted Living has 48 units of AL and MC in Miami County. According to our M&A... Read More »
Blueprint Teams Close Two Transactions
M&A continues at a steady clip, and Blueprint Healthcare Real Estate Advisors obliged with a couple of recent closings. First was the sale of a skilled nursing facility located just outside of Cleveland, Ohio. Totaling 120 beds, the facility was built in the 1960s and thoroughly renovated in the 1990s. Historically, it did bring in stable cash flow, and it showed well for a facility last fully renovated more than 20 years ago. However, it did not fit into the regional Ohio-based owner’s operating model. That’s where Blueprint came in, approaching a New York-based private equity group that has an existing presence in Ohio. They saw an opportunity to add value... Read More »
Blueprint Facilitates SNF Sale in Missouri
Michael Segal and Ben Firestone of Blueprint Healthcare Real Estate Advisors recently facilitated the sale of a 96-bed skilled nursing facility in central Missouri. Built in the late 1980s and renovated in the early 1990s, Valley View Health & Rehabilitation is no stranger to Blueprint. In 2018, Blueprint represented the current seller of Valley View, an undisclosed REIT, in leasing this facility along with 10 others in the state to a new operating tenant under a master lease agreement. While the facility’s performance improved under the new operator, Valley View represented a geographic outlier to the provider’s other locations across metropolitan areas in Missouri. So ultimately,... Read More »
Blueprint Facilitates Sale of New IL Community in Ohio
Blueprint Healthcare Real Estate Advisors helped sell a brand-new seniors housing community, closing the deal upon Certificate of Occupancy. Michael Segal, Connor Doherty and Ryan Kelly, plus Alex Florea of Capital Markets, handled the transaction. Developed adjacent to the POLARIS Commerce Center in Columbus, Ohio’s largest mixed-use development, the community is purpose-built as a four-story, 136-unit independent living community. Plus, the top floor was built to assisted living licensing specifications, leaving the option for the future. Graziano Construction and Development Company, Inc. developed the community in collaboration with Sweetbay Senior Living. Simultaneously with the... Read More »Schedule a demo
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