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The 106-unit facility was built in 2015 and sits on an expansive 6.7-acre campus directly adjacent to Baylor Scott & White Medical Center – Hillcrest, the leading acute care provider in Waco, Texas.
Built to institutional standards, and well maintained by ownership, the building featured spacious apartments with in-unit bathrooms and a full suite of resident amenities including a grand dining room, outdoor courtyard, patio, and putting green. Last operated in 2018, this community closed due to the prior operator’s inability to service above market rent payments.
Given its market-leading sales activity within Texas, the repeat client engaged Blueprint to leverage its relationships with the most active buyers within the Lonestar State.
Blueprint advised the seller to move forward with a highly competitive all-cash offer that was submitted by a leading provider of transitional skilled nursing services that was looking to enter Texas with this acquisition.
By working in lockstep with all parties, Blueprint ensured a smooth and efficient closing.
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