Blueprint positioned the asset as a value-add opportunity focusing on an incoming acquirer’s ability to increase census by adding regional oversight and increasing the assisted living unit count through a new renovation on the vacant land parallel to the community.

Blueprint strategically navigated the challenge of slow licensure in the state of Washington by advising an interim structure with the existing licensee and incoming buyer, which ensured that the sellers’ motivations were met for a quick and seamless transition. The transaction closed within six months of LOI execution.

The buyer represented a growing regional owner/operator, with whom Blueprint has previously transacted. The buyer delivered on their commitment, closing at 100% of LOI pricing amidst fluctuating occupancy.

Following this closing, the local seller group, who has been in the senior living industry for decades, will focus their energy on different business endeavors.