TEXAS and LOUISIANA — Blueprint Healthcare Real Estate Advisors has arranged the $282.5 million sale of 28 skilled nursing facilities in Texas and Louisiana.
Blueprint represented the buyer, a joint venture of BlueMountain Capital Management, BM Eagle Holdings and Capital Funding Group. The seller was Sabra Health Care REIT. Blueprint collaborated with the joint venture to find local operating partners and tenants for the portfolio of assets.
Further details on the names and locations of the properties were not disclosed.
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 in December.
Ben Firestone, Christopher Hyldahl and Gideon Orion led the transaction. Grant Saunders, Peter Trazzera and Jake Hollinger of KeyBank’s Healthcare Group and John Randolph of KeyBank’s Commercial Mortgage Group arranged acquisition financing for the buyers.