Blueprint Delivers Along Route 66
Blueprint orchestrates confidential and strategic marketing process to advise institutional client on real estate owned vacant healthcare asset in Texas Panhandle
The newly constructed 70-unit healthcare property was originally developed by Mainstreet but never operated, resulting in a turnkey purpose-built transitional care facility.
Featuring outstanding construction quality and design features, the vacant property is located within a large medical park and close to several major regional hospitals, providing an excellent source of referrals for an incoming operator.
Blueprint positioned the deal as a rare opportunity to acquire a state-of-the-art healthcare property at an attractive basis, providing an incoming investor the flexibility to own or operate the facility for its intended use as a transitional care facility, or explore alternative healthcare uses.
After running a highly competitive process, Blueprint identified an experienced local real estate investor who will operate the facility as a specialty post-acute hospital. The investor structured a lease with a national healthcare system based out of Southern California.
The transaction price was $10 million or approximately $145,000 per unit.