Blueprint Healthcare Real Estate Advisors was engaged by the real estate owner ServiceStar Capital Management, a family office based in Denver, to advise on the repositioning of its skilled nursing facility in Grapevine, Texas. Through the process, Blueprint helped secure a new lease agreement with Eduro Healthcare, a Utah-based operator with experience in the transitional rehab industry.
The Lodge at Bear Creek was built in 2016 and is licensed for 100 beds. Situated in an affluent suburb approximately 21 miles northwest of Dallas, it also benefits from being built near two prominent regional hospitals, Baylor Scott & White Medical Center – Grapevine and Texas Health Harris Methodist Hospital. That seems like the type of facility that would command top-dollar these days, at least according to our panelists on our recent webinar on the skilled nursing M&A market.
The new lease commenced on November 1, 2021. Jacob Gehl and Humair Sabir worked on the deal for Blueprint.
