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MCKINNEY, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 48-unit assisted living and memory care community in McKinney, approximately 35 miles north of downtown Dallas.
Originally built in 1993, prior ownership recently completed a $2.2 million renovation. At the time of marketing, the community featured strong in-place occupancy of 98 percent, as well as a recently implemented rate increase.
A newly launched, privately traded REIT acquired the property for an undisclosed price. The undisclosed seller was divesting of its final seniors housing property.
With this sale, Blueprint surpasses $1 billion in total sales volume in the state, marking its eighth Texas closing this year.