Blueprint Healthcare Real Estate Advisors helped sell a brand-new seniors housing community, closing the deal upon Certificate of Occupancy. Michael Segal, Connor Doherty and Ryan Kelly, plus Alex Florea of Capital Markets, handled the transaction.
Developed adjacent to the POLARIS Commerce Center in Columbus, Ohio’s largest mixed-use development, the community is purpose-built as a four-story, 136-unit independent living community. Plus, the top floor was built to assisted living licensing specifications, leaving the option for the future. Graziano Construction and Development Company, Inc. developed the community in collaboration with Sweetbay Senior Living.
Simultaneously with the sales process, Blueprint conducted lender outreach, identifying multiple interested parties prior to the bid deadline. In the end, United Church Homes, Inc., one of the country’s largest not-for-profit providers of senior care and healthcare services, was selected as the buyer. A regional bank looking to grow its seniors housing exposure then came in as the lender. The transaction closed days after the city of Columbus issued the Certificate of Occupancy, and United Church Homes will put on the finishing touches on the units and common areas ahead of the grand opening this fall.
