A publicly traded REIT engaged Blueprint in the divestment of its vacant seniors housing community in Houston, Texas. Built in 1995 and renovated in 2009, the community comprises 48 memory care units. It was vacated by the prior operator in 2023, but current ownership has ensured the physical plant was well maintained to prevent deterioration.
Giancarlo Riso, Brooks Blackmon, Amy Sitzman and Lauren Nagle handled the transaction, securing multiple competitive offers and ultimately advising the REIT to move forward with an all-cash offer from an owner/operator that Blueprint transacted with earlier in the year.
