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The 48-unit community was built in 1995, renovated in 2009, and was located in an attractive and growing affluent submarket of Houston.
While the community had been vacated by the prior operator in 2023, current ownership had ensured the physical plant was well maintained to prevent from deteriorating.
Given its market-leading sales activity within Texas, Blueprint was engaged by the publicly traded REIT to run a strategic marketing process aimed at maximizing value while also ensuring certainty of execution.
By leveraging its relationships with the most active buyers within Texas, the team procured multiple competitive offers, ultimately advising the REIT to move forward with an all-cash offer from an owner/operator whom Blueprint had transacted with earlier in the year.
Blueprint worked with all parties to ensure an efficient and smooth closing, and as a result, further solidified its position as a leading advisor for seniors housing and care transactions in Texas.
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