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Sale of two skilled nursing facilities in DeLand, Florida
Blueprint is pleased to announce the successful sale of University Center East and University Center West, two skilled nursing facilities located in DeLand, Florida.
Deemed non-core assets by both the operator and seller, a publicly-traded REIT, Blueprint was engaged for its regional market knowledge and experience in value-add exit strategy.
Located less than three miles from one another, the two facilities presented a unique opportunity for an incoming investor to maximize operational synergies and capitalize on significant upside potential.
One facility was experiencing operational challenges due to a survey issue and was deemed a Special Focus Facility by CMS. And, while occupancy was stabilized around 90% for both facilities, EBITDAR was low.
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