DONE DEAL:
Peachy Purchase
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.

The purchase price of $12,725,000 was equal to approximately $41,000 per licensed bed.

Trent Gherardini led the marketing efforts, and Mike Segal along with Gideon Orion tackled the transaction on behalf of the seller.

LEAD ADVISORS
Trent Gherardini
Senior Associate
(312) 300-4153
trent@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Gideon Orion
Director
(310) 893-7183
gorion@blueprintHCRE.com