CINCINNATI, OH – Gardner Capital, a family-owned private equity firm specializing in the development and investment of apartment buildings and renewable energy, has completed a LEED-certified senior living community in Cincinnati. Combining affordability and architectural importance, Roselawn Gardens comprises 50 senior citizen homes, rents based on between 30 and 60 percent of the area's median income, based on the affordable, low-tax-credit residential program.
In addition to Gardner Capital, Roselawn Gardens was developed in collaboration with the Cincinnati Metropolitan Housing Authority and the Ohio Housing Finance Agency, as well as financial partners Fifth Third Bank and Stratford Capital. Arco Construction acted as the general contractor for the project.
"We have brought together a group of partners in Ohio and across the country who are committed to affordable housing for seniors and look forward to expanding our presence and investments in the Cincinnati and Columbus markets," said Michael Gardner, President and CEO from Gardner capital. "We were thrilled to receive LEED certification while creating a beautiful and comfortable environment for seniors in and around Cincinnati."
The 50 units comprise 11 one-bedroom apartments and 39 two-bedroom apartments, all of which are LEED Silver certified and based on environmentally friendly building strategies and sustainable materials. The apartment amenities include a catering service, a media room, a health and wellness clinic, public transport, a common room and much more. Roselawn Gardens is managed by Wallick Communities.
Source: Gardner Capital