Ohio

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Affordable HousingDevelopmentNewsOhio

Evergreen Breaks Ground on 120-Unit Affordable Housing Community in Ohio

by Hayden Spiess

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 …

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AcquisitionsNewsOhioSkilled Nursing

Kiser Group Brokers $7M Sale of Skilled Nursing Facility in Ohio

by Hayden Spiess

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 …

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AcquisitionsCompany NewsNewsOhio

Welltower Announces Seniors Housing Transactions Totaling $23B 

by Hayden Spiess

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 …

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Amy-Kotterman
Company NewsNewsOhioPeople

Amy Kotterman Receives Executive Promotion at United Church Homes

by Hayden Spiess

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 …

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Company NewsNewsOhioPeople

United Church Homes Names Terry Spitznagel COO

by Hayden Spiess

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 …

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AcquisitionsAssisted LivingIndependent LivingMemory CareNewsOhio

Berkadia Brokers Sale of 146-Unit Community in Metro Cincinnati

by Hayden Spiess

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. 

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Shankh-Mitra
AcquisitionsCompany NewsNewsOhio

Welltower to Acquire Amica Senior Lifestyles Portfolio for C$4.6B

by Hayden Spiess

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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Company NewsNewsOhioPeople

National Church Residences Appoints Chair of the Board, Vice Chair

by Hayden Spiess

COLUMBUS, Ohio — Nonprofit organization National Church Residences has appointed new leaders of its board. Both longstanding board members, Virginia Barney and Rob Maloney will serve as chair and vice chair of the board, respectively.  Barney succeeds Greg Overmeyer, who has served in the role since 2022. Barney’s experience includes more than 30 years of leadership in the private and public sectors, including tenures as the city manager, councilwoman and mayor of the City of Upper Arlington in Ohio.  “I’m looking forward to working with my board colleagues and the staff …

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Company NewsFinanceNewsOhioPeople

Ken Gould, Jason Dopoulos Launch Ikaria Capital Group

by Hayden Spiess

CLEVELAND — Industry veterans Ken Gould and Jason Dopoulos have launched Ikaria Capital Group, a platform specializing in debt solutions including bridge loans, recapitalizations, refinancings, construction and permanent financing, FHA/HUD loans and working capital lines of credit.  Cleveland-based Ikaria will feature a focus on skilled nursing and seniors housing facilities. Currently, the Ikaria team is processing a more than $1 billion pipeline of bridge loans through FHA/HUD.  Gould and Dopoulos previously worked with Lancaster Pollard and White Oak Healthcare Partners, respectively. “We are dedicated to this sector and have specifically created …

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Nikhil-Chaudhri
AcquisitionsAssisted LivingCompany NewsIndependent LivingMemory CareNewsOhioTexas

Welltower Agrees to Acquire NorthStar Healthcare Income for $900M

by Hayden Spiess

TOLEDO, Ohio and HOUSTON — An affiliate of Welltower Inc. (NYSE: WELL) has entered into an agreement to acquire NorthStar Healthcare Income Inc., a public, non-traded REIT that owns a diversified portfolio of seniors housing properties throughout the United States, for roughly $900 million.  Toledo-based Welltower will take ownership of NorthStar Healthcare’s portfolio of 40 seniors housing communities in the acquisition. Founded in 2010, Houston-based NorthStar Healthcare’s portfolio includes independent living, assisted living and memory care properties.  “We expect that this portfolio will serve to further enhance our regional densification …

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