DONE DEAL:
Sweetening the Pot
Blueprint is pleased to announce the successful sale of a 94-bed skilled nursing facility in Robstown, Texas. Known for being the birthplace of Texas hold 'em, Robstown is located in South Texas, 18 miles from nearby Corpus Christi.

Blueprint was exclusively engaged by the seller, a reputable New York-based owner with more than 150 skilled nursing and long-term care facilities nationwide. At the time of sale, the facility was 75% occupied and performing at a 5.9% EBITDAR operating margin. Blueprint upped the ante and positioned the asset as a value-add opportunity that an experienced local operator with existing synergies could optimize to reach historical performance.

Following the confidential and competitive bidding process, the buyer, an East Coast-based REIT seeking strategic growth opportunities for its Texas operating partner, decided to go all-in on Robstown. The facility presented economies of scale and paired with the operator’s existing presence along the Gulf of Mexico.

The transaction was led by Gideon Orion and Christopher Hyldahl.

LEAD ADVISORS
Gideon Orion
Managing Director
(310) 893-7183
gorion@blueprintHCRE.com
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com