The property was developed to be a turnkey, purpose-built transitional care facility, and featured very similar design features to the other two properties that Mainstreet had built in Amarillo and Temple

Blueprint positioned the deal as a unique opportunity to acquire a state-of-the-art healthcare property at an attractive basis, providing an incoming investor the flexibility to own and/or operate the facility as a transitional care facility or explore alternative healthcare uses

After running a highly competitive process, Blueprint identified a sophisticated and experienced Texas-based real estate investor who will be structuring a lease with an east coast based skilled nursing operator. Upon completing construction, the property will be operated as a traditional long term care facility

The transaction price was approximately $8,700,000, or $124,285 per unit