Sweetening the Pot
Sale of a 94-bed skilled nursing facility in Robstown, Texas
Blueprint was exclusively engaged by the seller, a reputable New York-based owner with more than 150 skilled nursing and long-term care facilities nationwide
Known for being the birthplace of Texas hold 'em, Robstown is located in South Texas, 18 miles from nearby Corpus Christi. At the time of sale, the facility was 75% occupied and performing at a 5.9% EBITDAR operating margin. Blueprint upped the ante and positioned the asset as a value-add opportunity that an experienced local operator with existing synergies could optimize to reach historical performance.
Following the confidential and competitive bidding process, the buyer, an East Coast-based REIT seeking strategic growth opportunities for its Texas operating partner, decided to go all-in on Robstown. The facility presented economies of scale and paired with the operator's existing presence along the Gulf of Mexico.