ILLINOIS and MISSOURI — Blueprint Healthcare Real Estate Advisors has arranged the sale of 14 skilled nursing facilities in Illinois and Missouri for $59.8 million.
A publicly traded REIT was seeking to strategically reduce its exposure in the secondary and tertiary markets, while ending its relationship with the two Illinois-based operators. One of those operators, Bridgemark Healthcare, will take over operations of the entire portfolio following the sale.
An investor with an existing presence in the region acquired the 1,581-bed portfolio. Several of the facilities were recently renovated to feature more private rooms and better suit high-acuity, short-term rehabilitation care.
Ben Firestone and Michael Segal handled the transaction. The price equates to approximately $38,000 per bed.