Five Star Service
Sale of 15 skilled nursing facilities in Nebraska, Iowa, and Kansas
Blueprint is pleased to announce the successful sale of 15 skilled nursing facilities in Nebraska, Iowa, and Kansas. Blueprint facilitated the sale in connection with the seller's restructuring of its business arrangements with its tenant.
The portfolio included 10 locations in Nebraska, four in Iowa, and one in Kansas, and consists of over 950 licensed beds.
The facilities are in predominantly secondary and tertiary submarkets and the majority were built in the 1960s and 1970s.
With minimal local competition in most respective markets, the facilities maintained above a 3-star average CMS rating during the marketing process; however, operational cash flow was limited.