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MEMPHIS, Tenn., and INVERNESS, Fla. — Investment firm Blueprint Healthcare Real Estate Advisors has arranged the sale of Citrus Health and Rehabilitation Center and Graceland Nursing Center for a total purchase price of $23 million.
Citrus is a 111-bed skilled nursing facility located in Inverness, and Graceland is a 240-bed skilled nursing facility located in Memphis. The seller was a national nonprofit organization seeking to exit the skilled nursing field. Citrus and Graceland were the seller’s last remaining skilled nursing. The buyer was a national owner/operator with a focus on skilled nursing.
Trent M. Gherardini and Ben Firestone of Blueprint managed the transaction.