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The well-maintained 108-unit independent and assisted living community located in a growing tertiary market provides exemplary care for middle-market seniors. Historically a consistent performer, the community’s occupancy dipped to 75% during the pandemic to provide upside opportunity during the recovery.
The institutional seller turned to Blueprint for guidance in their final asset disposition prior to closing out a fund. Blueprint brought offers from six interested regional groups to acquire value add opportunities.
Through a competitive and confidential marketing process, Blueprint navigated the choppy pandemic waters and engaged a repeat regional buyer actively growing their footprint in Washington.
Positioned as an attractive opportunity, the incoming buyer plans to complete modest unit renovations, update common areas, and further lease up with private pay residents.
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