NEW YORK CITY — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in Ohio. Comprising two properties, the portfolio totals 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of New York City-based Greystone originated the financing. The borrower was not disclosed. “Bridge-to-HUD financing is a strategic solution for healthcare operators seeking to execute a transition plan and position assets for …
COLUMBUS, Ohio — Evergreen Real Estate Group has broken ground on a new affordable seniors housing community in Columbus. Upon completion, the assisted living community — Green Oaks of Canal Winchester — will total 120 units, with 67 studio and 53 one-bedroom apartments. Delivery of the development is scheduled for March 2027. Gardant Management Solutions will operate the community. Amenities at the property will include a fitness room, beauty salon, game room, library, activity rooms, computer stations, community rooms and lounges, walking paths, sitting areas, a private patio and a gazebo …
NEW YORK CITY — Berkadia has arranged $114.4 million in refinancing for an assisted living portfolio located in Ohio and Pennsylvania. A joint venture between New Perspective Senior Living and an undisclosed seniors housing owner was the borrower. Totaling 580 units, the portfolio is located in metro Cleveland and western Pennsylvania. As of January 2025, occupancy throughout the portfolio was 86 percent. The joint venture acquired the portfolio in 2022. Bloomfield Capital Partners provided the financing, which includes a two-year, interest-only bridge loan. Steve Muth, Garrett Sacco, Austin Sacco and Alec …
HOLLAND, Ohio — Evergreen Real Estate Group has broken ground on a new affordable seniors housing development in Holland in northwest Ohio. Upon completion, Green Oaks of Holland will comprise 120 units within a four-story building. Residences will include 667 studio and 53 one-bedroom apartments. Gardant Management Solutions will operate the property, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid assisted living provider through the Ohio Department of Aging. Amenities at the property will include a fitness room, beauty …
CLEVELAND, Ohio — Kiser Group has brokered the sale of a skilled nursing facility located east of Cleveland in Ohio. An undisclosed buyer acquired the property for $7 million. The seller is a family ownership group based in the Cleveland area. Originally constructed in 1950 and expanded through multiple additions between 1965 and 2001, the facility totals 84 beds. The property is situated on 26 acres and features 76 skilled nursing beds, five assisted living units and three independent living units. Mark Myers of Kiser Group arranged the sale. “This transaction …
TOLEDO, Ohio — Welltower has announced, as part of its third quarter 2025 results, $23 billion in previously undisclosed seniors housing transactions completed or under contract this year as of Oct. 27, as part of its increased focus on the sector. The figure includes $14 billion of pro rata gross investments, primarily in the form of senior living community acquisitions in the U.S. and the U.K. Welltower expects the percentage of its net operating income derived from seniors housing business to increase to more than 80 percent following the completion of …
MARION, Ohio — United Church Homes (UCH) has promoted Amy Kotterman, a registered dietitian nutritionist, to the position of senior executive director of integrated operations. In this new leadership role, Kotterman will oversee multiple interdisciplinary service lines at UCH, including middle-market housing, memory care program management and dining services. UCH serves nearly 7,000 residents across more than 90 communities in 15 states and two Native American nations. As senior executive director, Kotterman will be responsible for strategic planning, operational excellence and program integration across service lines. She will lead efforts to ensure …
MARION, Ohio — Nonprofit senior living provider United Church Homes (UCH) has named Terry Spitznagel chief operating officer (COO). Spitznagel, who joined the organization in 2020, will continue to serve as senior executive vice president as well. Previously, she also held the title of chief growth officer. In her new role, Spitznagel will report directly to Kenneth Young, president and CEO of UCH. “Terry has consistently demonstrated a deep commitment to our mission and a strong vision for the future of senior living and services,” says Young. “Her strategic leadership, collaborative …
CINCINNATI — Berkadia has brokered the sale of a 146-unit community located in metro Cincinnati. Built in 2021, the property features independent living, assisted living and memory care residences. Leo Brown Group, which developed the community, was the seller. Traditions Management will continue to operate the property. As of June 2025, the community was 95 percent occupied. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare arranged the transaction on behalf of the seller.
TOLEDO, Ohio — REIT Welltower Inc. is under contract to acquire a seniors housing portfolio located in Canada for C$4.6 billion ($3.2 billion). In addition to 38 ultra-luxury communities, the acquisition includes nine entitled development parcels. Ontario Teachers’ Pension Plan is the seller. Located throughout neighborhoods in Toronto, Vancouver and Victoria, the communities include 31 in-place properties as well as seven communities under construction. Of the 31 in-place communities, 24 are stabilized, with seven recently opened properties still undergoing the lease-up process. The under-construction communities will be acquired upon the achievement …
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