Ohio

HILLIARD, Ohio — True Connection Communities has opened Verena at Hilliard, an independent living community in Hilliard, a first-ring suburb of Columbus. Verena at Hilliard features luxury one- and two-bedroom residences. In addition to offering direct interior access to the Hilliard branch of the Columbus Metropolitan Library, the community’s amenities include a fitness and wellness center with yoga studio, pickleball and bocce ball courts, putting green, fishing pond, walking paths and an outdoor heated patio. True Connection Communities serves as the community’s operator. The number of units was not disclosed.

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COLUMBUS, Ohio — Blueprint Healthcare Real Estate Advisors has brokered the sale of five skilled nursing facilities and the sub-lease of two more, all located in Columbus. Locally owned and operated since 1984, the seven communities consisted of roughly 750 dually certified skilled nursing beds and 200 seniors housing units. While historically operating near stabilized levels with consistent $70+ million in annual revenue, performance drastically declined during the COVID-19 pandemic. Citing a desire to exit the skilled nursing industry, the regional owner-operator elected to sell five of the assets and …

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OHIO — Evans Senior Investments (ESI) has arranged the sale of an assisted living and memory care community in Ohio. A private equity firm based on the East Coast sold the asset to Eden Senior Care, an Illinois-based owner-operator with a presence in Ohio. The price and name of the community were not disclosed. The community’s campus comprises seven separate cottages. Each cottage is made up of both assisted living and memory care units. Originally built in 1999, the seniors housing community has a total of 90 units and was …

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CLEVELAND — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 335-unit skilled nursing and seniors housing portfolio in the Cleveland metro area. The seller was a regional owner-operator seeking to exit the industry. A private equity buyer based in New York acquired the portfolio for an undisclosed price. Further details on the portfolio were not disclosed.

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CINCINNATI — Meridian Capital Group has arranged acquisition financing for a portfolio of six senior living and skilled nursing properties in Cincinnati. A finance company provided the capital. The portfolio consists of six Class A skilled nursing, memory care, independent living and assisted living facilities totaling 510 beds. This transaction was negotiated through Meridian’s seniors housing and healthcare platform, led by Ari Adlerstein and Josh Simpson, along with Matt Lesnik and Jesse Rauch.

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CINCINNATI — Blueprint Healthcare Real Estate Advisors has arranged the sale of three seniors housing communities in the Cincinnati metro area. A continuing care retirement community anchors the portfolio, which totals 299 skilled nursing beds and 211 seniors housing units. A family seeking a succession plan sold the community to an institutional buyer for an undisclosed price. The communities were added to the buyer’s existing joint venture with a Cincinnati-based operator.

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HILLIARD, Ohio — True Connection Communities has completed development of Verena at Hilliard, an active adult community in Hilliard, a suburb of Columbus. The property features one- and two-bedroom options and offers direct interior access to the Hilliard branch of the Columbus Metropolitan Library. A grand opening will be held on Wednesday, June 8.

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NILES, Ohio — Cambridge Realty Capital Cos. has provided a $15.3 million HUD-insured loan for Continuing Healthcare of Niles, a 136-bed skilled nusring facility located in Niles, approximately midway between Cleveland and Pittsburgh. Cambridge Realty Capital Ltd. of Illinois, Cambridge’s specialists in FHA-insured HUD loans, originate the loan. Further details were not disclosed.

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MASON, Ohio — Senior Living Investment Brokerage (SLIB) has arranged the sale of Cedar Village, a seniors housing community in Mason, Ohio, approximately 22 miles northeast of downtown Cincinnati. Cedar Village features 105 independent living/assisted living units and 162 skilled nursing beds. The seller was a nonprofit owner based in Indiana divesting of its only community in Ohio. The buyer was a regional owner with other properties nearby. The price was not disclosed. Ryan Saul of SLIB handled the transaction. “This transaction offered a great opportunity for a company looking …

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