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BEAUFORT, S.C. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 170-bed skilled nursing facility in Beaufort, a coastal city between Savannah and Charleston.
The facility was constructed in several phases, beginning in 1969, and features predominantly semi-private rooms. Prior to the pandemic, the asset had demonstrated an ability to generate positive cash flows with occupancies exceeding 90 percent, but was significantly impacted by census and staffing headwinds, generating millions of dollars in operating losses.
A REIT sold the asset to a New York-based owner-operator looking to grow regionally through this value-add acquisition. The price was not disclosed.