The facilities featured attractive, fixed-rate HUD debt of 2.8% and long remaining terms with maturity dates starting in 2035 through 2044, presenting an incoming investor with significant cash-on-cash returns.

Blueprint positioned the deal as a unique opportunity for an incoming investor to implement a targeted CapEx program to elevate the facility’s competitive profiles, while presenting incoming operators with the ability to maximize efficiencies through integration into an existing regional platform.

Further upside potential existed by improving the CMS star rating at each facility, and establishing additional referral relationships with nearby acute care hospitals.

By leverage its market leading activity in Texas, Blueprint procured multiple competitive offers ultimately advising the Seller to move forward with a growing SNF operator that was looking to expand its footprint within Texas and grow its relationship with one of their existing capital partners.

Blueprint was able to lean on its experience and knowledge of the HUD 232 TPA process to shepherd the various stakeholders towards closing.