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ST. LOUIS — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 167-bed skilled nursing facility in St. Louis.
A REIT owner sold the property, with the operating partner planning to exit Missouri altogether. Despite a $1.2 million renovation in 2015, occupancy and cash flow were both in decline.
An East Coast-based owner-operator with an existing presence in the state was the buyer. Housing & Healthcare Finance sourced the acquisition loan. The price was not disclosed.