Blueprint Brokers $21M Sale of The Inn at Los Patios in San Antonio

by Jeff Shaw

SAN ANTONIO — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Inn at Los Patios, a 166-unit independent living and assisted living community in San Antonio.

Blueprint represented a court-appointed receiver to maximize proceeds for the trustee group and stakeholders involved.

Though the community was 80 percent occupied and generating approximately $1 million of cashflow, Blueprint sold the upside of increasing occupancy by elevating the competitive profile and implementing minor expense efficiencies through regional operations.

A New York-based private equity group acquired the property for $21 million in an all-cash transaction. The buyer plans to install its Texas-based operator partner to manage the community.

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