Sale of 81-Unit Ohio Facility Brokered by Senior Living Investment Brokerage

June 23, 2023

STOW, OH — Senior Living Investment Brokerage (SLIB) has facilitated the sale of The Landing of Stow, an assisted living and memory care community. Built in 2008, The Landing of Stow is located just outside of Akron, OH; it houses 61 assisted living units and 20 memory care units.

The seller of the community chose to divest this asset to focus attention on communities that more closely align with their current footprint. The buyer is a Midwest-based owner/operator looking to strategically add to their existing portfolio in Ohio.

Bradley Clousing, Dan Geraghty, and Ryan Saul of SLIB handled the sale.

“This transaction represented a win-win for both buyer and seller,” said Managing Directors Saul and Clousing in a joint announcement. “Buyer was able to add a quality facility in a market they have a strong presence and seller was able to divest a non-core asset. Despite the challenging debt markets, SLIB was able to procure multiple bids and close on time.”

Related Articles

Back to top button