Originally built in 1993, prior ownership ensured that the community’s physical plant remained competitive with an extensive $2.2 million renovation.

At the time of marketing, the community featured strong in-place occupancy of 98%, as well as a recently implemented successful rate increase.

Blueprint positioned the deal as a rare opportunity for an incoming regional owner/operator to acquire a well-occupied community in a rapidly growing suburban market just outside of Dallas at below replacement cost, while further implementing expense control measures to stabilize the community’s operating cash flow.

By leveraging its industry leading market activity in Texas, Blueprint was able to generate multiple competitive offers, ultimately advising the Seller to move forward with a newly launched privately traded REIT that focuses on seniors housing investments.

The transaction marked the Seller’s final seniors housing investment, and by working with all parties, Blueprint ensured a successful exit for the Seller from the industry.