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AcquisitionsNewsOhioSkilled Nursing

Blueprint Arranges Sale of 80-Bed Skilled Nursing Facility Near Akron, Ohio

by Jeff Shaw

AKRON, Ohio — Blueprint Healthcare Real Estate Advisors has arranged the sale of an 80-bed skilled nursing facility. Purpose-built in 2015 as a transitional care facility in a northeastern suburb of Akron, the facility presented numerous paths to stabilization with strong fundamentals and attractive in-place HUD financing, according to Blueprint. The buyer was a regional owner/operator with significant experience in Northeast Ohio, allowing for a quick HUD Transfer of Physical Assets approval. The seller and price were not disclosed. Connor Doherty and Ryan Kelly led the Blueprint team.

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AcquisitionsIndianaNewsOhio

Berkadia Negotiates Sale of 247-Unit Midwestern Portfolio

by Jeff Shaw

INDIANA and OHIO — Berkadia has arranged the sale of two recently developed, Class A senior living communities offering independent living, assisted living and memory care services in Indiana and Ohio.  Berkadia Seniors Housing & Healthcare, led by Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers, closed the 247-unit transaction on behalf of Indianapolis-based Leo Brown Group. The buyer was a long-time owner of senior living communities. Leo Brown Group developed the properties, which Traditions Management operates.The assets were built in 2020 and 2021.

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AcquisitionsNewsOhioSkilled Nursing

Ziegler Brokers Sale of 206-Bed Skilled Nursing Portfolio in Ohio

by Jeff Shaw

OHIO — Ziegler has acted as sell-side financial advisor to the sale of a portfolio located in Northern Ohio. The portfolio comprised three buildings consisting of 182 skilled nursing beds and 24 behavioral health beds. The seller is a leading nonprofit organization dedicated to providing affordable housing, healthcare and supportive services to various populations, including seniors, veterans and families in need. The portfolio represents the organization’s only healthcare properties in Ohio. The buyer is a privately held, for-profit owner and operator based in Englewood Cliffs, New Jersey, that intends to …

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AcquisitionsIndianaKentuckyNewsOhio

Walker & Dunlop Negotiates Sale of 700-Unit Midwestern Portfolio

by Jeff Shaw

OHIO, KENTUCKY and INDIANA — Walker & Dunlop Investment Sales has arranged the sale of the Magnolia Springs Portfolio, consisting of seven communities and nearly 700 units across Ohio, Kentucky and Indiana. The seller was an institutional owner-operator while the buyer was a publicly traded REIT. The communities are 10 years old on average. The buyer plans to strategically invest capital into the physical plant of each community to take advantage of strong submarket supply and demand fundamentals. Josh Jandris, Brett Gardner and Alex Vice led the Walker & Dunlop …

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AcquisitionsAssisted LivingNewsOhio

Walker & Dunlop Arranges $10.7M Sale of American House Macedonia in Ohio

by Jeff Shaw

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 …

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AcquisitionsNewsOhio

Walker & Dunlop Brokers Sale of 128-Unit Legacy Living Florence in Kentucky

by Jeff Shaw

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.

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AcquisitionsAssisted LivingNewsOhio

Sonida Purchases 100-Unit Community in Macedonia, Ohio for $10.7M

by Jeff Shaw

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 …

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AcquisitionsIndependent LivingNewsOhio

Blueprint Negotiates Sale of 102-Unit Independent Living Community Near Cleveland

by Jeff Shaw

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.

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FinanceNewsOhio

CFG Provides $65M Refinancing for Nine-Community Portfolio in Ohio

by Jeff Shaw

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.

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AcquisitionsNewsOhioSkilled Nursing

Blueprint Brokers Sale of Skilled Nursing Facility in Cincinnati

by Jeff Shaw

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.

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