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The Beaufort, South Carolina facility was constructed in several phases, beginning in 1969, and featured predominantly semi-private rooms
Prior to the pandemic, the asset had demonstrated an ability to generate positive cash flows with occupancies exceeding 90%, though unfortunately was significantly impacted by census and staffing headwinds as a result of COVID-19, thereby generating millions of dollars in operating losses

Originally, Blueprint was hired to run a confidential marketing process on a separate SNF that the REIT owned in South Carolina, however, after Blueprint procured eight competitive written offers during that process, the REIT decided to strategically explore the ability to also transact on the Beaufort, SC facility

Blueprint approached those groups who had submitted competitive written offers and positioned the offering as a rare opportunity to acquire a value-add skilled nursing facility in an attractive market at significantly below replacement cost. Blueprint recommended that the REIT move forward with a New York based owner/operator that was eager to grow its existing regional footprint

By working in collaboration with the buyer, previous operator, and the REIT seller, Blueprint was able to ensure a smooth and successful closing despite multiple survey issues at the facility as well as an ever-changing capital markets environment


Blueprint For Success in Beaufort

Blueprint advises publicly traded REIT on sale of 170 bed skilled nursing facility located in South Carolina

Amy Sitzman

Giancarlo Riso

Brooks Blackmon

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