PADUCAH and BARDWELL, Ky. — Blueprint Healthcare Real Estate Advisors has brokered the sale of two skilled nursing facilities in Kentucky for $7.5 million.
The portfolio includes Barkley Center in Paducah and Countryside Center in Bardwell. The properties were built in 1993 and 1999, respectively. Barkley Center underwent a $1.7 million expansion and renovation in 2014. Combined occupancy at the facilities was 80 percent.
Although the number of units in the portfolio was not disclosed, the listed price of $51,000 per bed equates to approximately 147 total beds.
The seller was a California-based owner. The buyer was ClearView Healthcare Management.
Christopher Hyldahl, Gideon Orion, Michael Segal, and Ben Firestone of Blueprint managed the transaction.
The purchase price was $7.5 million or approximately $51,000 per bed.