MACEDONIA, Ohio — Walker & Dunlop Investment Sales (WDIS) has arranged the sale of American House Macedonia, a 100-unit assisted living and memory care community in the Northeast Ohio city of Macedonia. Sonida Senior Living Inc. (NYSE: SNDA) acquired the community for $10.7 million, bringing the total number of the company’s Ohio properties to 11. The seller was not disclosed. The asset, built in 2015, experienced operational challenges due to the COVID-19 pandemic, according to Walker & Dunlop. Alex Vice, Joshua Jandris and Brett Gardner led the Walker & Dunlop …
FLORENCE, Ky. — Walker & Dunlop Investment Sales has arranged the sale of Legacy Living Florence, a 128-unit senior living community in Florence, just south of Cincinnati, Ohio. Built in 2022, Legacy Living features independent living, assisted living and memory care services. The buyer was a REIT. The seller and price were not disclosed. Alex Vice, Joshua Jandris and Brett Gardner led the Walker & Dunlop team.
MACEDONIA, Ohio — Sonida Senior Living Inc. (NYSE: SNDA) has acquired a 100-unit assisted living and memory care in Macedonia, approximately midway between Cleveland and Akron. The latest acquisition, in close proximity to an existing Sonida asset, brings the total number of the company’s Ohio portfolio properties to 11. The asset, built in 2015, has not recovered from changes in operator and COVID-driven challenges, according to the buyer. Sonida is acquiring the asset for $10.7 million at a 43 percent discount to the in-place senior mortgage loan and approximately $105,000 …
CLEVELAND — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 102-unit independent living community in a Cleveland suburb. The property was constructed in the late 1980s. The buyer was a private, Northeast-based investor. Further details were not disclosed. Connor Doherty and Ryan Kelly led the Blueprint team.
OHIO — Capital Funding Group (CFG) has provided a $65 million bridge loan to support the refinancing of a nine-facility senior living portfolio in Ohio. The portfolio includes one independent living facility, one assisted living facility and seven skilled nursing facilities totaling 709 beds. Craig Casagrande and Catherine Mansel of CFG originated the transaction. Further details were not disclosed.
CINCINNATI — Blueprint Healthcare Real Estate Advisors has arranged the sale of a skilled nursing facility in Cincinnati. A local owner-operator looking to focus on other asset classes sold the property to another owner-operator. The price was not disclosed. The facility opened in 2013 featuring a large rehabilitation center and state-of-the-art aquatic therapy room, in addition to all-private resident rooms. Connor Doherty and Ryan Kelly led the Blueprint team.
OHIO — Capital Funding Group (CFG) has arranged a bridge-to-HUD loan totaling $13.5 million for a skilled nursing facility in Ohio. The property features 120 beds. Further details were not disclosed. Tim Eberhardt and Ava Julio originated the transaction for CFG.
WICKLIFFE, Ohio — Phorcys Capital Partners, the investment advisor to Phorcys Senior Housing Recovery Fund LP, has acquired Prosper at Wickliffe, a 160-unit assisted living facility in Wickliffe, approximately 15 miles northeast of Cleveland. Phorcys made the purchase through a trustee-directed short sale for $13 million. Prosper Life Care will take over management of the property.
COLUMBUS, Ohio — United Church Homes Management (UCHM) has taken over management of two seniors housing communities in Columbus: Bexley Heritage Apartments and Village Shalom Apartments. UCHM already manages Wexner Heritage Village in Columbus. Further details were not disclosed.
GARFIELD HEIGHTS, Ohio — EBSC Lending has provided a $51.8 million loan for the expansion of a senior living and skilled nursing community located in Garfield Heights, a suburb of Cleveland. The 294,083 square-foot project will add a four-story independent and assisted living building featuring 86 units. The expansion also includes a two-story skilled nursing building and a two-story health center with a physical and occupational therapy gym and memory care suites. Construction began in June 2021, and the new expanded spaces are slated to open in January 2025. The …