A well performing assisted living community in Tacoma, Washington found a new owner with the help of Dan Mahoney and Blake Bozett of Blueprint Healthcare Real Estate Advisors. The seller has owned and operated the community for two decades, and is leaving behind a community with strong operations and cash flow. The 110-unit community caters to the middle market.
Blueprint sourced a number of small owner/operators in Washington to take over and eventually found a local company with two other Tacoma communities. They worked with Harvest Bank to secure acquisition financing at 85% of the purchase price, which was not disclosed. The buyer plans to utilize its economies of scale in the Tacoma area to improve the operations and add value.
