EL PASO, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of Royal Estates, a 142-unit seniors housing community located in El Paso.
Originally built in 1997, the community features 75 independent living units and 67 assisted living units. The seller was facing recent operational challenges that led to an occupancy rate of approximately 73 percent.
Palatine Capital Partners, a Miami-based private equity firm, acquired the property for an undisclosed price.
Jacob Gehl and Giancarlo Riso of Blueprint represented the undisclosed seller in the deal.