National Church Residences Acquires Four More Affordable-Senior-Housing Communities
May 24, 2024
COLUMBUS, OH — National Church Residences has added 206 apartments to its already extensive Ohio portfolio with the acquisition of four affordable-senior-housing-communities. According to a press release, all of the communities were purchased from Buckeye Management, they are all located in central and western Ohio, and they each serve adults aged 62 and older.
“We are pleased to grow our presence in Ohio and welcome residents from all four communities into the National Church Residences family,” said Senior Project Leader of Acquisitions Kelly Parnell. “Our well-established regional team members are experts in affordable senior housing operations and will bring resources that benefit our new seniors so they can remain living independently in their current homes.”
The new Ohio communities acquired by NCR are Stone Manor (50 apartments in Beavercreek); Homestead Village (60 units in Van Wert); Somerset Lane (46 apartments in Somerset); and Salem House (50 apartments in Maineville).
“We were happy to sell these properties to National Church Residences, as they are the industry leader in affordable senior housing,” said Buckeye Management President Bill Moorhead. “The transition was fantastic, and we are confident that our residents will be in great hands.”
All four communities offer community rooms, an outdoor patio, a pet park, onsite laundry, secure entryways, off-street parking, elevators, and 24/7 maintenance. Residents may choose from studio or one-bedroom apartments at each location.
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Soon after closing on each community — which were all built in the 1980s using Section 202 affordable-senior-housing funds from the U.S. Department of Housing and Urban Development — work began to make immediate repairs to preserve each affordable housing community so it can continue serving seniors for many years into the future. Updates include enhancements in all ADA-compliant apartments and common areas, plus sidewalk and parking lot improvements.
With these recent acquisitions, National Church Residences has 70 affordable-senior-housing communities and 4,577 apartments spread across Ohio.
Originating from a Christian commitment of service, National Church Residences provides an array of health care services and a variety of housing options to more than 60,000 older adults at more than 350 communities. The nonprofit organization is driven by a vision to scale for mission impact by advancing better living for 100,000 seniors by 2030, wherever they call home. The organization also offers a variety of additional senior living options, home- and community-based services, as well as permanent supportive housing for the formerly homeless and disabled.