Not Our First Rodeo
Sale of a 112-bed SNF in Athens, Texas
Blueprint expeditiously executes transaction at the height of the COVID-19 pandemic
Located in Athens near the University of Texas Health East Texas campus, the skilled nursing and long-term care facility was built in 1987 with mostly semi-private rooms.
The facility historically maintained steady operating levels while enrolled in QIPP; however, the opening of a new competitor put downward pressure on quality admissions throughout the local market.
Blueprint’s direct marketing strategy on behalf of the REIT seller generated significant market interest, including five competitive offers from investors and operators seeking to grow in the region.
A Fort Worth, Texas-based owner-operator with a presence in East Texas and recent experience transacting with the seller was selected as the buyer because of their familiarity with the market and commitment to close quickly.
Blueprint kept all parties on track to successfully close the transaction without delay in less than 90 days from offer acceptance.