ALABAMA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of five skilled nursing facilities in Alabama for an undisclosed price.
A national owner based in New York City sold the facilities to a real estate investor looking to enter the Southeast. Blue Ridge Healthcare, a regional operator, will take over operations of the portfolio. The specific names and locations of the properties were not disclosed.
At the time of sale, the portfolio generated $38.4 million in annual revenues with an overall occupancy rate of 66 percent.
Brooks Blackmon, Christopher Hyldahl and Gideon Orion of Blueprint handled the transaction.