MASON, Ohio — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Landing of Long Cove, an 81-unit assisted living and memory care community in Mason, approximately 25 miles northeast of Cincinnati.
Built in 2011, the community features 61 assisted living units and 20 memory care units.
The seller sought to divest this asset to focus attention on communities that more closely align with its current footprint. The buyer was looking to add to its existing footprint throughout the Midwest strategically. The price was not disclosed.
Daniel Geraghty and Bradley Clousing led the transaction for SLIB.
“The buyer, a Midwest-based owner-operator, plans to make significant renovations to the community, which should help increase operations at the community,” says Geraghty.