Blueprint Sells Successful SNF In Maryland

September 20, 2019, Ben Swett, SeniorCare Investor - Despite strong operations, a Maryland skilled nursing facility was deemed to be non-core and slated for sale in a transaction led by Steve Thomes and Joshua Salzman of Blueprint Healthcare Real Estate Advisors.  Located just outside of Baltimore in a sought-after market, the 63-bed/34-unit facility was acquired by an experienced skilled nursing investor and operator looking to grow their presence in the state.

It was approximately 76% occupied with a 25% quality mix and reported about $5.34 million in revenues.  The purchase price came to $6 million, or $100,000 per licensed bed, a high value that reflects both the strong performance and desirable location.