Wilsonville, Oregon-based Avamere Family of Companies has exited the state of New Mexico with the sale of its 85-bed transitional care facility in Albuquerque. The short-term rehab facility was a popular referral destination for the area’s largest hospitals, and it was experiencing rapid census growth following an operator transition in 2019. Financial performance was improving too, with total revenues exceeding $8.5 million. Following the marketing process, five competitive offers were submitted, with a regional owner/operator looking to expand their footprint in the state, ultimately succeeding.
Blueprint Healthcare Real Estate Advisors Amy Sitzman, Jacob Gehl, Humair Sabir and Giancarlo Riso handled the transaction, Blueprint’s second in New Mexico in just 30 days (Cascadia Healthcare Enters New Mexico Market). Not only was Blueprint recently familiar with the market, but they had worked with the buyer on multiple deals in the past.
