The Ashwood Square retirement center, a 120-unit apartment complex and senior living facility that opened on Shallowford Road in 2018, was sold last week for $31.5 million to a Greenwich, Connecticut, real estate investment firm, according to property filings with the Hamilton County Register of Deeds.
The new owner is changing the name of the facility to WSL – Ashwood Square.
Kelly Jo Hinrichs, vice president of marketing for Resort Lifestyle Communities in Lincoln, Nebraska, which operates the 3-story complex, said the property sale will not alter the operations of the independent retirement center.
Ashwood Square, which is one of 58 retirement facilities managed or under development by Resort Lifestyles across the country, provides meals, entertainment and recreational opportunities and limited bus transportation for its residents.
“This change will not have any impact on the day-to-day community operations, or the overall company management provided by Resort Lifestyle Communities,” Hinrichs said in an emailed statement.