DONE DEAL:
Dallas Buyers Rep
Dallas Buyers Rep
Blueprint is pleased to announce the $282.5 million purchase of 28 skilled nursing facilities in Texas and Louisiana on behalf of its client, a joint venture of BlueMountain Capital Management, BM Eagle Holdings and Capital Funding Group, who acquired the facilities from Sabra Health Care REIT.
Blueprint was exclusively engaged by the joint venture, which sought Blueprint for its expertise and intimate knowledge of the Texas and Louisiana markets. Through a strategic process, Blueprint collaborated with the joint venture to find local operating partners and tenants for the portfolio of assets.
The phases of the acquisition included the U.S. Bankruptcy Court for the Northern District of Texas approval of the sale of Senior Care Centers, which announced its filing for chapter 11 bankruptcy last December.
“Blueprint’s market coverage provided guidance and leverage at each phase of the acquisition,” said BM Eagle Managing Partner Elliott Mandelbaum.
The transaction was led by Ben Firestone, Christopher Hyldahl, and Gideon Orion.
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