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