Blueprint is pleased to announce the successful sale of a 119-bed skilled nursing facility in Nashville, Tennessee. Blueprint was tasked to maximize value on behalf of its client, a public REIT seeking to divest.

The large, multistory facility was originally built in 1970 and completely renovated and expanded in 2013. The nearly 100,000 square foot facility was later acquired as part of a large portfolio transaction in 2016 and the lessee was retained to continue operating the portfolio.

Blueprint’s strategy focused on identifying a highly-qualified and capable buyer willing and able to strike quickly at a top-of-market price. Blueprint pinpointed a single owner/operator actively growing its market presence in the Nashville submarket. By showcasing the extensive physical plant improvements and state-of-the-art upgrades, Blueprint positioned the offering to the prospective buyer as a unique and exclusive opportunity with tremendous upside for the group’s growing regional platform. Blueprint worked closely with the buyer to produce a compelling offer which was negotiated expeditiously. All parties then worked together to creatively navigate certain transactional challenges encountered during the sale process.

The purchase price was $16,000,000, or $134,454 per licensed bed, smashing the previous per-bed record for a single-facility transaction in the state of Tennessee.

The transaction was handled by Ben Firestone and Michael Segal.

Ben Firestone
Executive Managing Director & Co-Founder
Michael Segal
Senior Managing Director