TAVERNIER, Fla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Plantation Key Nursing and Rehabilitation, a 120-bed skilled nursing facility in Tavernier, located in the Florida Keys.
An out-of-state investor and operator team acquired the property from an undisclosed seller. The price was not released.
Plantation Key Nursing and Rehabilitation underwent a multimillion-dollar renovation project in 2011. The CMS Five-Star rated facility boasted high per patient day revenues and solid quality mix driven by referral relationships with hospital systems, according to Blueprint. At the time of sale, however, the facility had a relatively low census due to staffing challenges.
The property was positioned as a value-add opportunity in a high-barrier-to-entry market.
Michael Segal, Trent Gherardini and Ben Firestone of Blueprint led the transaction.