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Our House is a 75-unit Independent Living Community located on a roughly nine-acre parcel in Westlake, Ohio, with a home health program exclusively operating at the community
Blueprint was engaged by a local owner-operator, with over 40 years of continuous family-run operations, for its knowledge of the Ohio transactional marketplace
The targeted marketing process procured interest from a variety of Ohio-based groups, many of which were eager to convert the community to assisted living and utilize the Ohio Assisted Living Medicaid Waiver Program
In order to increase proceeds, seller elected to undergo necessary renovations needed to receive the assisted living license
A Columbus-based owner operator looking to expand their Waiver presence in the state was ultimately selected as the buyer
Blueprint’s guidance proved beneficial in assisting the seller navigate the independent living to assisted living conversion, which ultimately transferred the immediately realized upside to buyer’s business plan
The transaction closed at receipt of certificate of occupancy prior to year-end
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