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No Ex's in Texas

Blueprint further solidifies its status as market leader in Texas by advising repeat institutional client in complex sale of Class-A healthcare property in Waco, Texas
The 106-unit facility, originally developed by Mainstreet in 2015 and designed to be operated as an assisted living and transitional care facility, was briefly operational before the property was foreclosed on and left vacant
Situated on 6.7 acres of land within the brand new 150-acre mixed used development Legends Crossing, the facility is strategically located adjacent to Baylor Scott & White Medical Center

Following foreclosing on the real estate, the seller tasked Blueprint to run a confidential marketing process aimed at maximizing both value and execution certainty

Blueprint leveraged its extensive track record and knowledge of the most active buyers in Texas to source multiple competitive bids, ultimately advising the seller to move forward with an acquirer who had expressed a strong interest in establishing a footprint within Texas

The acquiring party was a Texas-based joint venture between Zelevie Health and Skywalker Property Partners. This is the joint venture’s first acquisitions within the senior housing space. The buyer intends to operate the property as an assisted living and skilled nursing facility– the developer’s intended use

This transaction marks Blueprint’s 7th closing in Texas in 2022 with total sales volume exceeding $131 Million across 1,550 beds/units

Amy Sitzman

Giancarlo Riso