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Blueprint was tasked by a public REIT and its operating partner to execute the strategic sale of St. James Health and Rehabilitation Center, a 90-bed skilled nursing facility, located in the Florida Panhandle beach community of Carrabelle
St. James represented the operator’s only location in the state, which led to the decision to exit and focus on its core geographic concentration in the Midwest and Mid-Atlantic regions
The facility was constructed in 2008 and is comprised on nearly all semi-private rooms. As the only facility in Carabelle with the next nearest competitor located over 30 miles away, St. James provided skilled and long-term care services to the local and surrounding communities, with some referrals also coming from the Tallahassee market
Blueprint confidentially targeted regional providers and mostly private investors, ultimately selecting an East Coast-based investor and its Southeast regional operating partner seeking expansion into Florida
Managing all aspects of the transaction throughout the process, Blueprint worked closely to align the parties for a smooth operational transition and timely closing through a turbulent capital markets environment
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