Senwell Senior Investment Advisors announced its role in advising on a skilled nursing portfolio transaction comprising two recently-built sites in the Cincinnati and Cleveland, Ohio markets. Built in 2017, the Cleveland-based facility is 54-bed Landerbrook Transitional Care in the town of Mayfield Heights. The other facility was Fountains Transitional Care Center, built in 2016 and comprising 54 beds in the city of Cincinnati.
Selling the facilities was a regional operator in the Midwest, as they were not aligned with its core long-term care model. The buyers of the two facilities were Medicare operators primarily from the mountain states and the west coast, which were looking to expand their presence in the state of Ohio. Ben Bohland of Senwell Senior Investments facilitated the transaction.
