MASON, Ohio — Senior Living Investment Brokerage (SLIB) has arranged the sale of Cedar Village, a seniors housing community in Mason, Ohio, approximately 22 miles northeast of downtown Cincinnati.
Cedar Village features 105 independent living/assisted living units and 162 skilled nursing beds.
The seller was a nonprofit owner based in Indiana divesting of its only community in Ohio. The buyer was a regional owner with other properties nearby. The price was not disclosed.
Ryan Saul of SLIB handled the transaction.
“This transaction offered a great opportunity for a company looking for growth to acquire the flagship operation in that market,” says Saul. “Since they already have a presence, this addition will enhance their overall performance and reach. With the shift of the industry becoming a more local, regional business, Cedar Village should do well under new ownership.”
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