A highly selective and confidential marketing campaign positioned the asset as a value-add play in which a regional operator with existing synergies could create operational efficiencies and capture upside. At the outset of marketing, trailing twelve month operational performance yielded $6,600,000 in Total Revenue and $444,000 in EBITDAR, representing a 6.7% operating margin. After a competitive bidding process, which included multiple offers from qualified regional and national players, Nick Martinez & Todd Okum of O&M Investments, LLC, moved to make the successful bid. O&M Investments will be leasing the facility to a reputable regional operator with an existing footprint in Tennessee.

The purchase price of $6,100,000 was equal to approximately $47,000 per licensed bed.

Christopher Hyldahl and Gideon Orion were the lead advisors on the transaction.