Blueprint facilitated the sale of a portfolio of standalone memory care communities in Texas on behalf of a real estate investment firm that predominantly invests in skilled nursing facilities. The three memory care communities, totaling 108 units, featured all private units in Fort Worth, Austin and San Antonio. These were the seller’s only memory care assets.
The deal was positioned as an opportunity for an incoming owner/operator with regional expertise to integrate the communities into an existing platform, implement key cost control measures and execute on a capex investment plan to elevate each community’s profile and drive private pay rents.
Blueprint secured three competitive offers, ultimately advising the seller to move forward with a regional owner/operator looking to expand its footprint beyond its current presence exclusively in the San Antonio market. Amy Sitzman and Giancarlo Riso handled the transaction, working with the buyer, existing operator and the buyer’s lender to ensure a smooth transition and closing.
