WACO, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 106-unit assisted living and transitional car facility in Waco.
Mainstreet developed the asset in 2015 and it was briefly operational before the property was foreclosed on and left vacant.
Situated on 6.7 acres of land within the new, 150-acre mixed used development Legends Crossing, the facility is located adjacent to Baylor Scott & White Medical Center.
The buyer was a Texas-based joint venture between Zelevie Health and Skywalker Property Partners. This is the joint venture’s first acquisitions within the seniors housing space. The buyer intends to operate the property as an assisted living and skilled nursing facility.
The seller and price were not disclosed.