DONE DEAL:
Local Sticks with Kennewick
Sale of 36-unit private pay assisted living community located in Kennewick, Washington

Blueprint ushers the second sale of a multi-state portfolio to close through an effective marketing process amid industry instability initiated by the COVID-19 pandemic

  • Private pay assisted living community located in eastern Washington that had an excellent reputation but recently struggled with occupancy due to key leadership turnover, creating an opportunity for a smaller operator to utilize existing local relationships to recruit and retain talent for the greater good of the community
  • Seller worked diligently through an increased marketing effort to increase occupancy over 90% throughout the transaction, thus creating good faith amongst seller and buyer and allowing for a seamless close and win-win for all parties involved
  • Blueprint’s strategic marketing campaign positioned the community as a value-add opportunity bringing in five credible offers that allowed for flexibility with the seller’s objectives to pursue different transaction paths with the larger portfolio of assets
  • Blueprint provided unmatched knowledge of local buyers, ultimately sourcing a sophisticated and well-capitalized buyer that the transaction marks their fourth acquisition in the state of Washington
LEAD ADVISORS
Amy Sitzman
Director
310.893.7188
asitzman@blueprintHCRE.com
Dan Mahoney
Managing Director
503.765.9348
dmahoney@blueprintHCRE.com
Blake Bozett
Senior Associate
503.765.9338
bbozett@blueprintHCRE.com