The community presented a compelling value-add opportunity, with clear upside tied to targeted capital improvements, a refreshed brand, and the planned addition of memory care. Ownership recognized the need for incremental capex to modernize resident units and common areas, support continued occupancy growth, and reposition the asset more competitively within the market.

Working closely with ownership and operations, Blueprint launched a focused marketing process as occupancy trends began to improve. A refreshed strategy and clear vision for future memory care conversion generated multiple strong offers in late 2025.

Ultimately, the winning solution was a creative recapitalization that achieved ownership’s goals of taking out original capital while introducing new equity through a joint venture partnership. The buyer, a new entrant to the seniors housing space, was introduced to the ownership and operator during the Fall NIC Conference in Austin, where the relationship originated at a Blueprint-hosted event and quickly gained traction.

Immediately following closing, the new venture moved swiftly to execute the business plan, commencing unit conversions to memory care and implementing physical and operational updates designed to accelerate lease-up and drive long-term value.

This transaction underscores Blueprint’s deep understanding of the Texas seniors housing market and willingness to grind alongside existing owners and operators, whether that means remaining on as manager, forming a JV partnership, or aligning with new entrants seeking the right on-the-ground relationships. Connecting the right capital with the right operators continues to be at the core of what we do.