HARTFORD, Conn. — Blueprint Healthcare Real Estate Advisors has brokered the sale of three skilled nursing facilities in Connecticut. Totaling 380 beds, the properties are all located in the northeastern suburbs of Hartford. A joint venture owner sold the assets to a regional buyer for an undisclosed price. The buyer plans to focus on operational efficiencies, including addressing staffing efficiencies, as well as investing in capital projects at the facilities.
TOLEDO, CANTON and ROCKFORD, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of skilled nursing portfolio across Ohio. Situated in Canton, Toledo and Rockford and spanning 200 miles across the state of Ohio, the three facilities were originally built in the 1960s and 1970s and underwent considerable renovations and major upgrades since 2015. The properties total approximately 300 beds. Citing a need to recycle capital, the seller was an East Coast-based private equity investor. The operator, also an East Coast-based company, acquired the assets for an undisclosed …
FLORIDA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of 18 skilled nursing facilities totaling 2,185 licensed beds in Florida. A public REIT sold the assets to an East Coast-based investor for an undisclosed price. The facilities range from 60 to 180 licensed beds with geographic clusters in South Florida, along the Gulf Coast and across North Florida. During the marketing process, the portfolio maintained an average 3.5 CMS-star rating, with 10 facilities rated four or five stars. Blueprint designed a targeted campaign highlighting the impact of Florida’s …
CAMBRIDGE and LEXINGTON PARK, Md. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities located in Cambridge and Lexington Park, which are located on opposite sides of Chesapeake Bay southeast of Washington, D.C. A public REIT and its operating partner sold the 285-bed portfolio to an East Coast-based owner-operator for an undisclosed price. The sale is part of a larger portfolio with staggered closings.
LOWELL, Mass. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 90-bed skilled nursing facility in Lowell, a northern suburb of Boston. Located within relatively close proximity to Lowell General Hospital, which accounts for approximately 1,300 skilled nursing discharges annually, the facility had historically maintained stable census levels with a steady stream of referrals and admissions, according to Blueprint. The regional buyer plans to focus on operational efficiencies, including addressing staffing challenges, as well as investing into capital projects at the facility. The seller, price and name …
INDIANA — VIUM Capital has arranged $136.8 million in bridge financing for a portfolio of 17 skilled nursing facilities in Indiana. The first-mortgage loan was made to fund the acquisition of the properties, which total 1,470 beds. Most of the buildings are stabilized with a strong credit tenant and manager in place, according to VIUM. The borrower plans to refinance as many of the properties as possible with HUD loans. Further details were not disclosed.
ILLINOIS — VIUM Capital has provided a $7.8 million HUD refinancing for a 130-bed skilled nursing facility in Illinois. The refinancing will achieve debt-service savings and create a permanent debt structure for the stabilized project. Further details were not disclosed.
WYNNEWOOD, Pa. — Lument Securities has served as exclusive financial advisor to the board of directors of Saunders House, a nonprofit skilled nursing facility, on its sale to a regional private operator. The property is located in the first-ring Philadelphia suburb of Wynnewood and features 180 beds. Laca Wong-Hammond and Dominic Porretta led the transaction for Lument Securities. Saunders House dates back to 1864 when it opened as the Old Man’s Home of Philadelphia. The current facility, which is located adjacent to Lankenau Medical Center, opened in 1973 and underwent …
CMS shifts have added regulatory pressure to staffing urgency. Take a new approach. By Rishabh Parmar It is no secret that staffing shortages have consistently plagued skilled nursing facilities (SNFs), impacting patient care and staff satisfaction. But recent changes in Centers for Medicare & Medicaid Services (CMS) guidance have put additional pressure on leaders to solve this crisis. CMS recently updated its Five-Star quality rating system, adding measures for staff turnover and weekend staffing levels. Five-Star quality ratings not only impact insurance reimbursements but inform facility selection by consumers, families …
ATLANTA and MARIETTA, Ga. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities, one in the Buckhead neighborhood of Atlanta and another in the first-ring suburb of Marietta. The properties total 333 licensed beds, and are part of a larger portfolio sale with staggered closings. Both properties are near leading regional hospitals, among other referral sources. While labor challenges impacted the local market, the facilities maintained steadily improving census and revenue coming out of the pandemic, according to Blueprint. An East Coast-based investor and …