Blueprint Sells Two SNFs for $51M; Oxford Finance Closes $66.9M Credit Facility – Skilled Nursing News

Blueprint completed a $51 million sale of two skilled nursing facilities in central and northeast Florida.

The two facilities, totaling 300 beds, were sold to an operator looking to expand its presence in the state.

The seller, a Florida-based owner operator, engaged Blueprint in November and required an off-market transaction that needed to be completed by the end of the year.

Oxford Finance Gets $66.9M for Priority Management

The Oxford Finance LLC Healthcare Real Estate team closed a $66.9 million credit facility with operator Priority Management.

Founded in 2006, Priority Management operates 14 SNFs and three long-term acute care communities (LTACHs) in Louisiana, as well as seven SNFs, one assisted living facility and one LTACH in Texas, according to its website.

Helios Healthcare Advisors Sells Louisiana SNF

Helios Healthcare Advisors announced it structured the sale of an 82-bed skilled nursing facility in Claiborne Parish, La.

Helios completed the sale on behalf of Tri-State Health Services.

A regional owner-operator will take over the real estate and operations of the facility. The sale marked Tri-State’s exit from the industry.

“Helios was able to identify the correct buyer very early on in the marketing process,” Tollie Bordeaux, director of Tri-State Health Services, said in the news release. “This led to not only closing the transaction before the year’s end but also achieving full offering price.”

Lument Closes $45.9M For Senior Housing Community

Lument announced it recently closed on a $45.9 million Department of Housing and Urban Development loan to refinance Tockwotton on the Waterfront in East Providence, R.I.

The 156-unit seniors housing and care community includes 52 skilled nursing beds, 73 assisted living units and 31 memory care units.

After experiencing performance challenges following the pandemic, Tockwotton, a nonprofit organization, has steadily improved its occupancy rate over the past year, according to the news release.

Its skilled nursing occupancy rate currently sits at 100% with its overall occupancy at 86.5%.

The loan, which refinances an existing HUD loan with a low, fixed interest rate and 35-year term, will be used in part to reduce debt service payments.

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Alex Zorn

A native of Lincoln Park, Chicago, Alex has worked as a reporter since graduating from the University of Denver with a journalism degree in 2015, covering the COVID-19 pandemic extensively since the news first broke in March, 2020. A former Colorado resident and avid skier, he enjoys playing golf and watching Da Bears in his free time.

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