Blueprint Arranges Another Ohio Transaction
Blueprint Healthcare Real Estate Advisors has closed another senior care transaction in the state of Ohio. Connor Doherty, Michael Segal and Ryan Kelly arranged the deal, which consisted of a 61-bed skilled nursing facility in Hicksville, Ohio, about 40 minutes northeast of Fort Wayne, Indiana. Built in 1966, the facility is the only licensed provider in the area and features mostly semi-private units. Services include post-acute care, respite care, wound care, respiratory and oxygen therapy, adult day care, hospice care, IV therapy and tracheostomy care, among others. There are also extensive on-site services, including a portable x-ray, laboratory work, a pharmacy, a mental health... Read More »
Blueprint Sells Birmingham-Area Community
Brooks Blackmon of Blueprint Healthcare Real Estate Advisors sold a well-run senior living community in Birmingham, Alabama. The Alabama-based developer seller originally purchased the property in 2016 when it was just a small assisted living community. It has since grown to include around 55 units, the majority of which are independent living. The IL sector has held up relatively well during the pandemic, and occupancy was over 90% at the time of the sale. Plus, there is some upside with the AL rents. The developer also fully renovated the community in addition to adding the three-story IL building. Inspired Healthcare Capital emerged as the winning bidder and... Read More »
Regional Owner/Operator Settles On Ohio SNF
Connor Doherty and Ryan Kelly of Blueprint Healthcare Real Estate Advisors handled the sale of a 99-bed skilled nursing facility in northeastern Ohio. The property, which is located near Youngstown, faced occupancy issues, prompting the regional owner/operator to strategically divest. Blueprint put the property under contract earlier in 2020, but uncertainty stemming from the pandemic caused the initial buyer to pause the process. They forfeited their exclusivity to do so, and Blueprint took the property back out to market, generating three new competitive offers. Ultimately, however, the initial buyer was the best fit. Nothing wrong with a bit of caution, we suppose.... Read More »
Blueprint Arranges Atlanta-Area Transaction
Brooks Blackmon, Amy Sitzman and Giancarlo Riso of Blueprint Healthcare Real Estate Advisors represented a national owner/operator in its sale of a 160-unit assisted living/memory care community located near Atlanta, Georgia. The large, well-maintained community is set in an affluent suburb and recently underwent a multi-million-dollar renovation. It catered to a more middle-income resident, but occupancy had been lagging for some time before the sale. Blueprint leveraged the asset as an opportunity to buy a community in a major metro area for significantly below replacement cost and yielded seven qualified offers in the bidding process. Ultimately, a buyer with a... Read More »Schedule a demo
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