Blueprint recently handled two transactions in Ohio. First, Conner Doherty and Ryan Kelly facilitated the sale of a seniors housing community in a desirable market in Ohio. The not-for-profit seller was The Heritage Retirement Community. Built in 2000, The Belvedere of Westlake comprises 24 assisted living and nine memory care units in Westlake. At the time of marketing, the community demonstrated strong occupancy and consistent cash flow. The quality of the land and physical plant also offered investors a base for operational and long-term value creation.
Blueprint targeted buyers aligned with the community’s mission and care standards, and a not-for-profit owner/operator with an existing presence and a commitment to high-quality resident outcomes was ultimately selected to acquire the asset. Saint Therese will rebrand the community as Saint Therese of Westlake. This marks the organization’s second acquisition in Northeast Ohio in the past six months, and its third overall in two years.
Next, Doherty, Kelly and Kyle Hallion executed the sale of a high-performing senior care portfolio in Ohio dubbed the Flyers Portfolio. The seller was a regional owner/operator realigning its portfolio.
The three campuses total 357 independent living, assisted living, memory care and skilled nursing beds/units. They offered immediate cash flow, recent Medicaid rate tailwinds and an opportunity for buyers seeking scale, stability and upside in a competitive Midwest market. The offering was strengthened by the availability of attractive, assumable HUD financing on two of the three assets.
Blueprint highlighted the portfolio’s strong operational performance, upside potential through labor cost optimization and the efficiency of market clustering. The ultimate buyer was an experienced operator with an existing regional footprint. The transaction closed in multiple phases. The first asset was sold in December 2024, and the final asset closed in May 2025 following the successful completion of the HUD TPA process.
