BEACHWOOD, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of Menorah Park, a sprawling seniors housing campus in the Cleveland suburb of Beachwood.
Following an affiliation with a fellow nonprofit, Montefiore, in July 2020, the campus totaled 588 licensed skilled nursing beds, 288 assisted living and memory care units, and 193 independent living units.
The seller was a nonprofit organization that has served Cleveland’s Jewish community since its founding in 1906. Facing challenges due to increased healthcare staffing and a shift in competitive landscapes, the board elected to market the campus for sale.
Outcome Healthcare, a New Jersey-based owner-operator, acquired the property for an undisclosed price.
Connor Doherty, Ryan Kelly, Ben Firestone, Michael Segal and Kory Buzin led the Blueprijnt team.