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Sale of 40-unit assisted living community in Hoquiam, Washington
Blueprint is pleased to announce the successful sale of Karr House, a 40-unit assisted living community located in Hoquiam, Washington. Blueprint conducted an exclusive sales process on behalf of a national owner-operator that sought to strategically divest of several non-core assets.
Blueprint conducted an extensive marketing campaign targeting several national seniors housing investors and regional operators in the Pacific Northwest.
Blueprint effectively created a competitive bidding environment for the offering by approaching regional operators specifically to acquire the subject asset as well as the national investor community more globally with the allure of a larger portfolio transaction consisting of several such non-core properties in various states.
Karr House was positioned uniquely in that its historical cash flows were substantial and a more hands-on operator could unlock value by restoring census and operating efficiencies.
Blueprint selected a regional operator as a purchaser who fit this profile.
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