Blueprint Healthcare Real Estate Advisors’ most recent deal in Texas involved two large skilled nursing facilities, and some 438 beds, for a purchase price of $27.5 million, or $62,785 per bed. The facilities were owned by a well-known family in the Texas skilled nursing world that has been operating since the mid-1970s. The leads on this transaction, Tim Cobb, Steve Thomes and Joshua Salzman, Esq., faced some problems with the uncertainty of the Texas Minimum Payment Amount Program, but eventually sold the facilities to a Los Angeles-based real estate private equity firm with an operating partner.
Two Texas-sized SNFs sell
