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Blueprint's vast regional network of active Texas seniors housing investors and operators results in successful portfolio sale during continued market disruption
The Eastern Texas portfolio consisted of three assisted living communities comprising 132 units, with all communities located within a two-hour total drive time.
While two of the three communities were vacant at the time of sale, one was operational and 90% occupied at closing.
Blueprint positioned the deal as a unique investment opportunity for an incoming buyer to acquire the vacant communities below replacement cost, while leveraging cash flow of the stabilized community.
Dallas MSA-based WindRiver Companies, a seniors housing developer, owner, and operator, was ultimately selected as the buyer given their familiarity with the Texas regulatory landscape and proximity to all three assets.
Blueprint worked closely with all parties involved to ensure a smooth transaction and closing even with the logistical challenges that COVID-19 continues to present in the industry.
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