CLEVELAND — Blueprint Healthcare Real Estate Advisors has arranged the sale of a three-property, 347-bed skilled nursing and assisted living portfolio in northeast Ohio.
The seller was a regional owner-operator seeking to transition out of day-to-day operations. The price of the portfolio was not disclosed.
Blueprint first found a new operator to lease the communities, replacing the seller as operator and offering a purchase option. The second phase of the transaction involved Blueprint finding high-leverage HUD financing for the new tenant to acquire the properties.
Blueprint’s Jacob Gehl, Michael Segal and Connor Doherty handled the transactions.