Kandu Capital, LLC, along with its operating company, Bloomfield Senior Living, recently announced the acquisition of a new senior living community in Ohio on January 15, 2010. This is Kandu’s second transaction in 2010 as it continues to expand its portfolio of independent and assisted living, memory care, skilled nursing and mental health facilities throughout the United States. The Northwesterly Assisted Living Community, located in Lakewood, Ohio, was built in 1988 and consists of 55,000 square feet sitting on 1-acre. The Northwesterly is a 91-unit assisted living community. Sunwest Management, Inc. previously owned the Northwesterly and Kandu acquired this asset out of a complex bankruptcy 363-sale in an all cash transaction.
Bradley E. Dubin, Director of Acquisitions, added, “Lakewood is a mature, stable, inviting community with a rich history and promising future, which offers both the amenities of metropolitan living and the intimacy of a small town. We are thrilled to bring over 40 years of experience and success into the market, and we will continue to pursue other opportunities in Ohio aggressively. Kandu intends to acquire additional senior living communities in this geographic region.”