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OhioSeniors Housing

Continuum Advisors brokers sale of 120-unit seniors housing community in Cleveland suburb

January 8, 2024
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Continuum Advisors has arranged the sale of The Weils, a 120-unit assisted-living memory care and skilled nursing community in Chagrin Falls, Ohio, an eastern suburb of Cleveland.

Built in phases from 2002 through 2015, the community consists of 75 assisted-living units, 18 memory care units and 27 skilled-nursing units.

The community sits on a 45-plus-acre site and includes excess acreage for future expansion.

Non-profit Eliza Jennings is the buyer of the property, which has been rebranded as Eliza at Chagrin Falls. This brings Eliza Jennings’ portfolio to a total of four campuses in Westlake, Olmstead Township, Cleveland and now Chagrin Falls.

The Continuum Advisors team led by Jay Jordan and Dave Kliewer represented Cleveland-based non-profit Menorah Park and its financial advisor SOLIC Capital Advisors in the sale of The Weils.

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