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TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 320 licensed beds in East Texas.
Following historical census lows and staffing challenges endured as a result of the pandemic, the two facilities were positively trending back towards historically achieved stabilized levels when the seller sought an exit. Further enhancing the attractiveness of the opportunity was the assumable HUD debt featuring an interest rate of 2.9 percent and a remaining term of over 25 years.
Details on the buyer, seller and price were not disclosed.
Giancarlo Riso, Amy Sitzman and Ryan Chase led the Blueprint team.