COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of five skilled nursing facilities and the sub-lease of two more, all located in Columbus.
Locally owned and operated since 1984, the seven communities consisted of roughly 750 dually certified skilled nursing beds and 200 seniors housing units. While historically operating near stabilized levels with consistent $70+ million in annual revenue, performance drastically declined during the COVID-19 pandemic.
Citing a desire to exit the skilled nursing industry, the regional owner-operator elected to sell five of the assets and sub-lease the remaining two. Optalis Healthcare, a Michigan-based owner-operator seeking Midwest platform expansion, acquired the portfolio for $81 million, or $130,000 per bed/unit.
VIUM Capital provided the nonrecourse acquisition financing for the transaction.