Selectis Health engaged Blueprint in the divestment of its skilled nursing facility in Macon, Georgia. Archway Transitional Care features 100 beds and is operated by Ethica Health & Retirement, a subsidiary of Community Health Systems of Georgia, the largest not-for-profit provider in the state. The facility is within close proximity to the Houston Medical Center.
Blueprint negotiated the sale of the real estate to the operating tenant as the facility was the only lease in its portfolio, ultimately advancing its strategic approach within the state. Closing occurred less than 60 days from term sheet execution. Michael Segal and Daniel Waldhorn handled the transaction.
The seller and buyer entered into a definitive purchase and sale agreement on May 1 to sell the property for $6.75 million, or $67,500 per bed. The sale was completed on June 18, 2024. With the additional capital from the sale, Selectis expects to enhance its balance sheet and achieve greater flexibility towards optimizing its remaining facility footprint.
