HARRISONVILLE and LEXINGTON, Mo. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Meadow View of Harrisonville Health & Rehabilitation and Riverbend Heights Health & Rehabilitation.
The two skilled nursing facilities are located in the Kansas City suburbs of Harrisonville and Lexington, respectively. The portfolio totals 280 licensed beds.
Both assets were built in the 1970s. Following a tenant transition in 2018 facilitated by Blueprint for the REIT owner, specific targeted capital improvement projects were completed, and operational performance improved as a result.
With the improved census and cash flow, the REIT and operator decided to sell the two properties. Beacon Healthcare Group acquired the portfolio for an undisclosed price.