Selling Up Streamside
Sale of Streamside Assisted Living & Memory Care, 54 assisted living units and 25 secured memory care units located in Nampa, Idaho
Blueprint’s concise marketing approach resulted in the procurement of several qualified prospects, creating a competitive bidding environment that maximized transaction probability and net proceeds for the seller.
Blueprint navigated amongst several negotiations on behalf of the seller to keep the deal on track including a MAC clause tied to occupancy, additional land surrounding the community owned by the seller and to be included in the purchase, and a small post close holdback amount involving unforeseen material issues not already covered in the definitive purchase agreement.
The regional buyer represented an emerging group in the Pacific Northwest that ultimately delivered on their commitment closing at 100% of LOI pricing despite several challenges along the way. The buyer plans to make minimal capital expenditure improvements to ensure the longevity of the community while implementing strategic operational systems and processes.
The local sellers, who have been in the senior living industry for 20+ years, intend to focus their energy and efforts on their remaining operations.