Amy Sitzman and Giancarlo Riso of Blueprint were engaged by a repeat client in the divestment of its vacant senior care community in Waco, Texas. Last operated in 2018, the community closed due to the prior operator’s inability to service above-market rent payments.
Built in 2015, the community comprises 106 assisted living units and skilled nursing beds and was well maintained by ownership. It sits on 6.7 acres, directly adjacent to Baylor Scott & White Medical Center – Hillcrest, the leading acute care provider in Waco.
Blueprint advised the seller to move forward with a highly competitive all-cash offer that was submitted by a leading provider of transitional skilled nursing services that was looking to enter Texas through this acquisition.
According to LevinPro LTC, in 2022, SkyWalker Property Partners and Zelevie Health acquired an asset fitting this description from an affiliate of Kawa Capital Management. At the time, the community was known as Healthcare Resort of Waco, but was rebranded as Zelevie Health of Waco after closing. This transaction marked the investment firm’s entry into a new property sector and introduced a new provider to Texas. Blueprint represented Kawa in that deal.
