DONE DEAL:
Maximizing Value in D-F-W
Sale of 60-unit assisted living and memory care community in Dallas, Texas

Blueprint’s highly confidential and strategic marketing process yields successful outcome for institutional owner-operator

  • Offering positioned as rare opportunity to acquire well-situated, middle-market seniors housing asset with excellent reputation for below replacement cost
  • Asset occupancy was positively trending toward 75% and was cash flow neutral at time of sale
  • Located in densely populated suburban area surrounded by significant senior population
  • Median housing values within three miles of community over 72% higher than state average and 44% higher than Dallas MSA average
  • Targeted, 40-day marketing campaign resulted in three competitive offers
  • Sophisticated Dallas-based developer, owner-operator selected as buyer, marking their continued expansion within Texas
  • Blueprint helped all parties navigate through the entire due diligence process and both buyer and lender were committed amid the uncertainty triggered by the COVID-19 situation, leading to a successful close on March 12, 2020

 

LEAD ADVISORS
Amy Sitzman
Director
310.893.7188
asitzman@blueprintHCRE.com
Giancarlo Riso
Senior Associate
(310) 893-7184
griso@blueprintHCRE.com