Originally built in the 1960’s as a hospital, Southern Traditions was converted by the Seller into the skilled nursing facility that it is today. While the property had a reputation for providing excellent care for the residents of Haralson County, Georgia, ownership and its operator elected to exit the asset well in advance of lease expiration as the contractual relationship had run its course. Despite the numerous challenges associated with selling skilled nursing facilities of this vintage, Blueprint was able to structure a very favorable transaction that achieved Seller’s goals.
The purchase price was $2,700,000, or approximately $45,000 per licensed bed.
Trent Gherardini was the lead advisor on this transaction.