COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Polaris Retirement Community, a 136-unit independent living community in Columbus.
The four-story community is directly adjacent to the POLARIS Commerce Center, Ohio’s largest mixed-use development. The top floor was built to assisted living licensing specifications for added options in the future.
Developed in collaboration with Pittsburgh-based Graziano Construction and Development Company Inc. and Sweetbay Senior Living, Polaris Retirement Living Properties LP engaged Blueprint to market the property and facilitate the sale process.
United Church Homes Inc. (UCH), one of the nation’s largest nonprofit providers of senior living and healthcare services, was selected as the buyer. The price was not disclosed, though a regional bank looking to expand its seniors housing presence provided financing.
The transaction occurred just days after the City of Columbus issued the Certificate of Occupancy for the newly built property. The community was rebranded as The Polaris Community and UCH is putting the finishing touches on apartments and common areas in advance of the grand opening this fall.