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The newly constructed, 70-unit healthcare property was originally developed by Mainstreet but never operated, resulting in a turnkey purpose-built transitional care facility
Although developed as a turnkey, purpose-built transitional care facility, the property featured outstanding construction quality and design features, therefore it was suitable for a variety of healthcare uses

Blueprint positioned the deal as a unique opportunity to acquire a state-of-the-art healthcare property, at an attractive basis, providing an incoming investor the flexibility to own and/or operate the facility as a transitional care facility or explore alternative healthcare uses

After running a highly competitive process, Blueprint identified a sophisticated and experienced Texas-based real estate investor who structured a lease with a national healthcare system based out of Southern California and will operate the facility as a specialty post-acute hospital

The transaction price was $10,507,000, or approximately $150,000 per unit


Prayers Answered in Temple

Blueprint leverages confidential and strategic marketing process to successfully advise institutional client on second REO vacant healthcare asset in Texas

Amy Sitzman

Giancarlo Riso

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