DONE DEAL:
New York (Up) State Of Mind
Blueprint is pleased to announce the sale of a 160-bed skilled nursing facility located in Upstate New York. The successful closing represents part 1 of a 2-building disposition that is scheduled to cross the finish line later this year. Blueprint conducted an exclusive sales process on behalf of the seller, a New York based national owner and operator of skilled nursing and long-term care facilities.

Part 1 of the sale consisted of a Rochester metro area facility that was presented to the market as a high-quality and fully-stabilized asset. At the time of sale, trailing twelve month operational performance yielded $14,250,000 in Total Revenue and $1,350,000 in EBITDAR. With average monthly occupancy of 92.3%, quality mix at 25.9%, and a 9.5% operating margin, Blueprint was able to form a competitive market and bidding process that resulted in multiple offers from qualified regional and national players. The successful winning bid was made by a highly regarded regional owner/operator with strong synergies in the western part of the state. Blueprint worked collaboratively with all parties involved to facilitate the sale and maximized value and net proceeds for its client.

The portfolio purchase price of $32,000,000 was equal to $100,000 per licensed bed.

Christopher Hyldahl and Gideon Orion were the lead advisors on the transaction.

LEAD ADVISORS
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com
Gideon Orion
Director
(310) 893-7183
gorion@blueprintHCRE.com