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Pensa Cola Classic

Blueprint creates a competitive bidding environment for cash flowing Florida skilled nursing facility through its expansive network of active buyers
Blueprint advised ownership on the sale of Southern Oaks Care Center, a nearly stabilized 210-bed skilled nursing and long-term care facility in Pensacola with consistently high CMS star ratings
With strong census levels indicative of the facility’s favorable reputation in the Pensacola market, Southern Oaks rebounded to pre-pandemic occupancy of 91% with over $4.0 million in annualized trailing EBITDAR, generating an impressive 21.0% operating margin

Southern Oaks was slated to benefit from the upcoming Medicaid reimbursement rate increase, and Blueprint’s targeted marketing campaign forecasting further cash flow upside generated several compelling acquisition proposals from investors and operators throughout the region

Following multiple rounds of bidding, the ultimate buyer selected was an out-of-state partnership seeking a strategic acquisition marking its entry into the Florida market

Blueprint’s highly-competitive process commanded the price of $42 million—representing a 9.6% cap rate and $200,000 per bed—successfully closing the transaction in just four months from marketing commencement

Michael Segal

Ben Firestone

Brooks Blackmon