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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 highlights continued investor demand for senior housing assets with strong clinical metrics and operational upside,” said Myers in a statement.