DONE DEAL:
Quick to Close in Cleveland
Sale of a 133-unit assisted living and memory care community in Cleveland

Blueprint runs highly targeted campaign and brings all-cash buyer to close in record time

  • The early 2000s built assisted living and memory care community located in Northeast Ohio recently struggled with occupancy, which led to a strategic divestiture by a well-respected national owner-operator.
  • Blueprint’s tailored marketing campaign sourced a well-capitalized private owner-operator seeking to expand and increase operation leverage in the Midwest.
  • The selected buyer plans to reposition the asset as the premier affordable option in the Cleveland MSA by utilizing the Ohio Assisted Living Waiver Program.
  • The acquisition led to a successful outcome for all parties involved and the transaction closed in under 25 days following offer acceptance.
LEAD ADVISORS
Connor Doherty
Senior Director
(312) 300-4834
cdoherty@blueprintHCRE.com
Ryan Kelly
Associate
312.573.5588
rkelly@blueprintHCRE.com
Amy Sitzman
Senior Director
310.893.7188
asitzman@blueprintHCRE.com
Giancarlo Riso
Senior Associate
(310) 893-7184
griso@blueprintHCRE.com