Blueprint Healthcare Real Estate Advisors sold an independent living community in West Lake, Ohio. Our House comprises 75 units and sits on nine acres in the greater Cleveland area. There was also a home health program exclusively operating at the community. During the transaction process, many of the potential buyers were eager to convert the community to assisted living and utilize the Ohio Assisted Living Medicaid Waiver Program. So, the founding family owner/operator of the community decided to undergo necessary renovations needed to receive an assisted living license and draw more interest from potential buyers.
It clearly worked, and the community was sold to a Columbus-based owner/operator that plans to convert it to assisted living. The community was also rebranded Westlake Assisted Living.
Ben Firestone, Connor Doherty, Lauren Nagle and Ryan Kelly of Blueprint handled the transaction.
