Blueprint sells assisted living and memory care community located in San Antonio, Texas.
Built in 1996, the asset is an assisted living and memory care community located along the I-10 corridor in San Antonio, the third-largest MSA in Texas. The community sits minutes from University Health University Hospital, San Antonio International Airport, and the city’s northwest suburbs, and is surrounded by an Age 85+ population projected to grow more than 20% over the next five years. An out-of-state private owner engaged Blueprint to market the community on the strength of the firm’s Texas track record and in-market presence.
At the time of marketing, the community was in the midst of a clear operational recovery. Occupancy had climbed from the low-70% range in 2024 to nearly 90% on a trailing three-month basis, with memory care effectively full, and the community had moved from meaningfully negative cash flow to positive EBITDAR. With in-place rates sitting well below the competitive set (more than 40% below on the assisted living side) and Type B licensure allowing an incoming operator to serve higher-acuity residents, the offering presented a straightforward path to stabilized performance through modest rate increases and continued census growth rather than a heavy operational turnaround.
Blueprint ran a targeted marketing process without a defined asking price, yielding multiple competitive offers. Blueprint advised the Seller to move forward with a San Antonio-based owner/operator and repeat customer who had just acquired a community through Blueprint less than two miles from the community. The sale represents the tenth community Blueprint has sold to the group in Texas, and the buyer’s in-state operating platform and track record of closing gave the Seller a high degree of certainty.
Blueprint’s Texas-based team remained engaged throughout the transaction, coordinating among the Seller, Buyer, operator, and counsel to keep licensing, title, and closing deliverables on track, resulting in a closing less than 90 days after contract execution.
The closing marks Blueprint’s 27th community sold in Texas in 2026, underscoring the firm’s deep relationships with the most active private buyers in the state and the value of in-market execution.
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