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If You're Gonna Sell in Texas... You Gotta Have Blueprint in the Band

Blueprint executes on competitive stalking horse bidding process on behalf of court-appointed receiver, solidifying its position as a market leader in Texas
Built in the mid-to-late 1960s, the four skilled nursing facilities, totaling 704 licensed beds, are well located within the Waco, Houston, and Dallas Fort-Worth MSAs
All four facilities participated in the Texas QIPP program that generated additional annual cash flow

Blueprint positioned the deal as a unique opportunity to acquire a sizable portfolio of well-positioned skilled nursing facilities for significantly below replacement cost, allowing an incoming operator to capitalize on expense control measures and leverage an existing geographical footprint within the state

After running a comprehensive and strategic marketing process, Blueprint procured six written offers, ultimately recommending a national owner who will be leasing the facilities out to multiple operators

The portfolio transacted at a purchase price of $28,000,000 or approximately $40,000 per licensed bed

Amy Sitzman

Giancarlo Riso