Blueprint Negotiates Sale of 78-Unit Community in Katy, Texas

by Jeff Shaw

KATY, Texas — Blueprint Healthcare Real Estate Advisors has arranged the sale of an assisted living and skilled nursing facility in Katy, a suburb of Houston.

Opened in 2018, the facility consists of 70 short-term rehab beds and 34 assisted living beds across 78 units. The community maintained a steady lease-up trajectory that was quickly halted due to industry-wide COVID headwinds that caused statewide decreases in elective surgeries. With a minimal amount of dually certified beds, the seller struggled to turn a profit, according to Blueprint.

The seller was a privately held investment and development firm. Ignite Medical Resorts acquired the property for an undisclosed price.Amy Sitzman, Michael Segal and Giancarlo Riso led the Blueprint team.

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