A New York-based national owner hired Blueprint Healthcare Real Estate Advisors to successfully close the sale of two of its skilled nursing facilities in the Nashville, Tennessee market. Executing on a confidential marketing process, Christopher Hyldahl, Gideon Orion and Kendra Gonzalez sold the facilities to a regional owner/operator looking to expand its scale in the area.
Both properties offered some operational upside, averaging around 78.5% occupancy. Not bad, but certainly not good. Combined, the facilities bring in about $16.1 million in revenues, so if the operating margin is improved, they can be a real money-maker for the new owner. Easy for us to say.
