The Renton, WA community, comprised of 80 assisted living units originally built in 1983, had maintained occupancy in excess of 95% for the last three years. The well-maintained community serves private-pay and Medicaid residents in the Seattle MSA

During the course of the Renton transaction process, Blueprint and its client recognized that an additional property also fit within the acquirer’s desired growth plan and including in the transaction was beneficial to all parties

The Ocean Shores, WA community, comprised of 50 assisted living units built in 1998, had maintained occupancy in excess of 96% over the last three years. The well-maintained community serves private-pay and Medicaid residents along the Pacific Ocean and North Bay

The seller sought a discrete transaction with a buyer who has a proven track record of closing without headaches or turbulence. Blueprint’s deep market relationships identified a Washington owner-operator eager to expand with strong financial backing and a track record of on-time launches

The purchase price in total was $4,640,000, approximately $36,000 per unit on a blended basis