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RENTON and OCEAN SHORES, Wash. — Blueprint Healthcare Real Estate Advisors has arrange the sale of two seniors housing communities in the Seattle suburb of Renton and Ocean Shores, located along the Pacific Coast approximately 140 miles west.
The Renton community features 80 assisted living units and was built in 1983. The property has exceeded 95 percent occupancy for the past three years.
The Ocean Shores community comprises 50 assisted living units built in 1998, and maintained occupancy in excess of 96 percent over the last three years.
A Washington-based owner-operator eager to expand acquired the properties for $4.6 million, approximately $36,000 per unit on a blended basis. The seller was not disclosed.