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Opened in 2018, this state-of-the-art facility consisted of 70 short-term rehab beds and 34 assisted living beds throughout 78 units. The community maintained a steady lease-up trajectory that was quickly halted due to industry-wide COVID headwinds that caused statewide decreases in elective surgeries. With a minimal amount of dually-certified beds, it struggled to turn a profit
After conducting a thorough marketing process, multiple interested parties proposed stepping in as interim managers to turn the facility around to prepare the asset for disposition. An operator was selected to execute a plan to turn the asset around and execute on a purchase option. After several months passed, the plan did not come to light and the asset continued to struggle. A decision to find a quick and efficient solution to dispose of the asset quickly was of high interest

Throughout the transaction, a collective and collaborative approach by multiple operating entities as well as the seller and the buyer and counsels for each respective group was needed to ensure a smooth transaction

A targeted approach to engage with Ignite Medical Resorts, a national, well-respected owner/operator redefining the short-term rehab space swiftly stepped in as the buyer and efficiently closed within 30 days of being on-site

“Amy’s exceptional efforts were instrumental in navigating a complex and demanding deal to its successful completion. Her unwavering dedication and adeptness in devising innovative solutions to myriad challenges were invaluable. Amy’s exemplary commitment ensured the fruition of this deal, and we are immensely grateful for her steadfast determination throughout the process.” - Steve Lufburrow | Medistar Corporation

“We are excited to partner with Blueprint to add another Texas facility to our portfolio. Through many twists and turns they navigated us through troubled waters to bring this deal to the finish line. This deal would not have closed without the tenacity and expertise of Amy Sitzman and her team. We are appreciative of all of the hard work and look forward to serving the community in Katy TX.” - Tim Fields | CEO + Co-Founder Ignite Medical Resorts

SENIORS HOUSING

Resilience on Display

Blueprint advises a privately-held investment and development firm on the sale of a value-add short-term rehab and assisted living facility located in the Houston market

Michael Segal

Giancarlo Riso

Amy Sitzman

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