Editors’ note: This story has been updated to reflect the correct sale price of the portfolio.
A portfolio of 18 Midwest skilled nursing facilities was sold in a $82 million deal mediated by Blueprint Healthcare Real Estate Advisors.
The sale of the facilities, located in Kansas, Missouri, Iowa and Nebraska, was announced in April. In total, the portfolio includes 1,843 licensed beds, which are credited with producing $110 million in revenue.
A publicly traded owner-operator wanted to move out of the Midwest, according to REBusiness Online. The buyer is Cascade Capital group, an Illinois-based healthcare real estate investment firm.
From the May 01, 2017 Issue of McKnight's Long-Term Care News
