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CANTON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 74-unit assisted living and skilled nursing facility in Canton.
A local owner-operator seeking retirement sold the property to a regional developer, owner and operator for an undisclosed price. The name of the community was not released.
The property was constructed in 2016. It was cash-flow neutral at the time of sale, so was marketed as a value-add opportunity.
The incoming owner-operator plans to de-license the skilled nursing beds, introduce memory care, bring in new leadership and implement a re-branding strategy.
Connor Doherty and Ryan Kelly were the lead advisors on the transaction for Blueprint.