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.