Originally built in 1967, Summer Brook is a 120-bed skilled nursing facility located in the heart of Jacksonville. A strong historical performer, Summer Brook EBITDAR was trending even higher during the sale process. Leveraging these tailwinds and understanding the new Medicaid system in Florida allowed Blueprint to highlight the upside a new owner would capture. Blueprint successfully positioned the asset, procuring multiple offers in a short marketing period and allowing the seller to pick the highest and best offer to meet their objectives.
Ultimately, the seller selected a private ownership group paired with a regional operator to acquire Summer Brook for nearly $12.6 million or $105,000 per bed.
Trent Gherardini facilitated the transaction.