Get Richardson or Die Tryin'
Sale of 90-unit independent living, assisted living, and memory care community in Dallas-Fort Worth
Blueprint is pleased to announce the successful sale of Atria Richardson, a 90-unit independent living, assisted living, and memory care community located in the Dallas-Fort Worth area. Blueprint executed the transaction on behalf of a publicly traded REIT.
Atria Richardson is a premier private pay senior living community situated near the University of Texas-Dallas campus.
Originally constructed in 1999, the 62,000 square foot community features a variety of unit sizes and layouts across all care types.
The community historically operated at stabilized levels; however, leadership turnover and new competition impacted overall occupancy and rental rates.
As a result, cash flow declined and Blueprint was engaged by ownership to confidentially market the community.