Blueprint utilized its Ohio expertise to arrange the sale of a seniors housing campus in Port Clinton, Ohio, its 12th deal in the state this year, so far. Connor Doherty and Ryan Kelly represented one of the country’s largest not-for-profit organizations to sell the campus as part of their strategic move to redeploy capital and resources to other assets across the state. Set on 57 acres, Vineyard on Catawba was owned and operated by Ohio Living, which has 11 CCRCs in the state. The community was built in stages to now include a 40-unit low-income apartment complex, 12 assisted living units and 10 independent living condos. It was nearly fully occupied.
Another not-for-profit, United Church Homes, bought the community, taking over operations effective November 1. It is renaming the asset The Parkvue Community on Catawba Island, similar to the United Church Homes-owned The Parkvue Community, located 20 miles away in Sandusky, Ohio. There is additional land for expansion, which may be a part of United Church Homes’ future plans for the community.
