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Weathering the Storm in the Southeast

Sale of 400+ bed skilled nursing portfolio in Florida and Kentucky
Blueprint executes strategic off-market negotiation with above market terms and closes transaction amid global pandemic
Three facilities located in central Florida and one in Kentucky. Two- and three-star CMS rated facilities, including one designated as a Special Focus Facility.

Portfolio operating at a deficit even though census was just over 80% and generating $28.5+ million in consolidated, annualized revenue.

Blueprint executed a strategic off-market negotiation on behalf of the REIT seller, securing above-market transaction terms and timing at an attractive price point.

Blueprint kept the buyer and lender engaged to successfully close the transaction on time through mounting operational and regulatory challenges brought on by the COVID-19 crisis.

Michael Segal