OHIO and INDIANA — Senior Living Investment Brokerage (SLIB) has arranged the sale of a five-property portfolio located in Ohio and Indiana.
The five communities total 400 units and were built between 1983 and 2001.
The Ohio communities are all located within 250 miles of each other, and the Indiana communities are located within 75 miles of each other. The portfolio is well maintained and underwent significant capex over the last few years, according to SLIB.
The seller was a Northeast-based private REIT that divested the portfolio to focus on its core geographic markets. The buyer was a regional-based owner-operator with existing communities in Ohio looking to grow in the Midwest. Further details were not disclosed.
Daniel Geraghty, Ryan Saul, and Brad Clousing handled the transaction for SLIB.