The Buffalo, New York-based owner of two assisted living communities in Ohio decided it was time to retire and hired Eli Kutner and Avi Begun of Harborview Capital Partners to negotiate a successful exit.
Located down Lake Erie in the Cleveland area, the communities total 250 units and 264 beds, including some memory care units. A regional operator looking to grow their portfolio paid $26 million, or $104,000 per unit, for the pair.
