Sale of two skilled nursing and long-term care communities in Georgia
Blueprint is pleased to announce the sale of two skilled nursing and long-term care communities in Georgia. Blueprint was exclusively engaged by the seller, a publicly-traded REIT, for which the offering represented a strategic non-core disposition.
The transaction involved the sale of Etowah Landing, a 100-bed facility in Rome and River Towne Center, a 210-bed facility in Columbus.
Blueprint conducted a highly selective and confidential marketing campaign positioning the assets as a value-add opportunity, showcasing steadily improving operational performance.
After a competitive bidding process including multiple offers from qualified investors and regional operators, Blueprint selected Pyramid Healthcare Management, a newly-formed operator with experience in the Northeast and Midwest.
Pyramid’s principals have extensive operating experience including providing specialty care programming. This transaction represents a fruitful first acquisition for Pyramid in the state of Georgia.