Jasper Nursing & Rehabilitation is comprised of two, single-story buildings built in the 1970’s. During the sales process, Blueprint highlighted the strong operational performance in 2013 which included approximately $2,400,000 and $240,000 in Total Revenue and EBITDAR, respectively. In addition to the stabilized cash flow incurred during the period, the offering was positioned as having upside through an ongoing concern by boosting occupancy and quality mix or developing a replacement facility.
The facility was owned by a publicly-traded REIT and was leased to a regional operator. The buyer was a partnership consisting of Texas-based real estate developers.
Ben Firestone and Trent M. Gherardini were the advisors on the transaction.