Blueprint Healthcare Real Estate Advisors sold five senior care properties across two transactions to start off the month of August. The first transaction was handled by Blake Bozett, who successfully completed the sale of Regency Columbia Village, an assisted living community in Boise, Idaho, comprising 60 total units spread across four pods. The buyer of the community is a reputable local owner/operator known as The Cottages, which operates pod-style communities in the Boise area. The seller has now exited the Idaho market and looks to focus on its existing assets in neighboring states.
Blueprint next facilitated a competitive stalking horse bidding process on behalf of a court-appointed receiver for a portfolio of four skilled nursing facilities in the state of Texas. Built in the mid-to-late 1960s and totaling 704 beds in the Waco, Houston, Dallas and Fort Worth markets, all four facilities participated in the Texas QIPP program that generated additional cash flow. Emerging from six written offers, a national owner paid $28 million, or $39,800 per bed, for the portfolio, which would be considered below replacement cost. Amy Sitzman and Giancarlo Riso handled the deal.
