A growing owner/operator added another community to its portfolio in Ohio. Kauhale Health acquired Symphony Centerville, a 60-unit memory care community in Centerville, Ohio, a suburb of Dayton. Built in 2016, the community has 57 private and three shared units, and exclusively caters to private pay residents. There are also amenities like a great room with fireplace, community theater, large exterior courtyard with walking/patio areas, a spa, resident gardens, rehab spaces and aromatherapy. We understand the property improved its occupancy and operating margin significantly since the pandemic, but there is still some room for improvement.
Kauhale Healthcare Real Estate, an affiliate of Kauhale, sponsored the acquisition, and Kauhale Healthcare Management, Kauhale’s management company, will manage the community. This marks Kauhale’s third acquisition in two years as the firm works towards building its portfolio. Connor Doherty, Ryan Kelly and Kory Buzin of Blueprint handled the transaction.
