DONE DEAL:
A Classic
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.

The purchase price was approximately $2,600,000, or approximately $65,000 per unit.

Ben Firestone, Jacob Gehl and Trent Gherardini were the lead advisors on this transaction.

LEAD ADVISORS
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Trent Gherardini
Senior Associate
(312) 300-4153
trent@blueprintHCRE.com