Passing the Keys in Tennessee
Sale of Signature HealthCARE of Columbia, a 181-bed skilled nursing facility located in the Nashville suburb of Columbia, Tennessee
The well-maintained, expansive facility was built in 1974 and featured a spacious 2,500-square-foot rehabilitation gym with dedicated entrance and a license for outpatient care
The seller, a publicly-traded REIT, engaged Blueprint for the disposition assignment following the entrance of newer facilities to the market, resulting in pressure on operational performance in recent years. Blueprint used its extensive relationships and expertise in Tennessee to secure New York-based Luxor Healthcare Group as buyer.
Luxor developed a business plan to reposition the asset and stabilize operations through various marketing initiatives and outreach programs. A long-time co-investor in the skilled nursing space, the Music City adjacent acquisition marks Luxor's first as a solo act. Blueprint worked closely with all parties throughout the process to maximize transaction certainty and ensure a smooth operational transition.