ESI Arranges Sale of Six-Unit Property in Ohio

by Jeff Shaw

GREEN SPRINGS, Ohio — Evans Senior Investments (ESI) has brokered the sale of of Eden Springs Garden Homes, a six-unit independent living community in Green Springs, a small village between Cleveland and Toledo.

The property is part of the Eden Springs Healthcare & Senior Living campus, which was built in phases between 1963 and 2006. The larger campus was placed into receivership in January 2019.

The court-appointed receiver sold the Garden Homes portion to an undisclosed buyer for $943,000, or $157,000 per unit. The six units were all occupied at the time of sale.

A separate buyer is currently planning to acquire the rest of the campus, with the deal set to close in the coming months.

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