Skokie, Illinois-based Eden Senior Care added an undisclosed assisted living community located in the greater Cleveland, Ohio area to its portfolio, taking over operations from an East Coast based private equity firm. Eden Senior Care will hope to turn things around for the community, as occupancy was 47% and it was losing money on $2.1 million in revenue.
Built in 1999, the community features 90 units in seven cottages, with a combination of assisted living and memory care. It comprises roughly 50,000 square feet and is close proximity to a plethora of shops and restaurants. Recently, the community has also undergone multiple amenity renovations since the start of 2017. Evans Senior Investments‘ Brendan DeSilva helped get the deal across the finish line.
