Cornerstone Healthcare REIT Acquires Ohio Assisted Living Facility For $17.5 Million

Cornerstone Healthcare Plus REIT recently announced the acquisition of Carriage Court of Hilliard in Ohio for $17.5 million.  The 70,000 square foot facility has a total of 102 units of which 64 are dedicated to assisted living and 38 are focused on memory care.  The transaction is the second acquisition between Cornerstone Healthcare Plus REIT and Good Neighbor Care.

“Being able to partner with the best operators and care providers is critical to success when investing in senior living real estate. I’m encouraged that this transaction, as well as our other transaction with Good Neighbor Care, is simply the start of a relationship that will continue well into the future and provide considerable value to the Cornerstone Healthcare Plus REIT and its shareholders,” said Terry Roussel, President and CEO of the Cornerstone Healthcare Plus REIT.