Blueprint Healthcare Real Estate Advisors’ Ben Firestone and Michael Segal recently facilitated the sale of Magnolia Manor, a skilled nursing facility in Inman, South Carolina.
Built in 1967, Magnolia has 176 beds, which represents over 40% of the total licensed beds in the local market and twice the capacity of the next largest competitor.
The seller was a partnership that had leased the facility to a large East Coast-based provider that also operates another facility in the area. That operator will continue to manage the facility following stable and consistent operational performance. Not only that, but the operator also emerged as the buyer, beating out four other competing offers.
