Grandbridge Real Estate Capital’s Tampa-based Senior Housing Investment Sales team arranged the $18 million sale of a senior living community in Ohio.

The sales team led by Allen McMurtry, Dave Kliewer and Jay Jordan represented the seller to an all-cash buyer during the height of COVID-19 to close the transaction.

Kliewer notes “The buyer in this transaction did a great job closing an all-cash transaction in a difficult COVID-19 environment. With the seller remaining in place as operator and the buyer providing a capital infusion, the property is well-positioned for future success.”

The expansive community includes more than 200 units on nearly 20 acres. It offers a broad continuum of care and numerous product types throughout the campus which appeal to a wide resident profile. The campus is efficiently designed with interconnected buildings, and features a resident-friendly open-air layout in the main building.

About Grandbridge Senior Housing Investment Sales

Led by Allen McMurtry, Dave Kliewer and Jay Jordan, the team has exclusively represented sellers of senior housing communities across the country since 1986. Over the past 30+ years the team has represented a broad spectrum of sellers including for-profit and non-for-profit organizations across all senior housing product types in over 195 communities sold across 35 states.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Truist Bank, arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform. The company is a Freddie Mac Optigo® Conventional Multifamily, Seniors Housing and Targeted Affordable Housing lender, a Fannie Mae DUS® lender, and an approved FHA MAP and LEAN healthcare lender.