Scioto Properties has completed the acquisition of 277 properties across 17 states in a deal valued at $80 million. This transaction marks the largest in the company’s history and significantly broadens its reach across the United States. With this acquisition, Scioto Properties further solidifies its role as a leading real estate owner and lessor for residential care providers. The company aims to strengthen its commitment to serving individuals with intellectual and developmental disabilities, traumatic brain injuries, substance use disorders, and behavioral health needs.
Strategic Expansion and Partnerships
The acquisition introduces new operating partnerships, allowing Scioto Properties to expand its network and support both large and small residential care providers. The company’s president, B. Thomas Goodwin, emphasized that this deal reflects Scioto’s continued focus on personalized growth strategies. “As Scioto Properties celebrates its 25th anniversary, this transaction demonstrates our ability to handle complex acquisitions while maintaining close relationships with smaller providers,” Goodwin stated. “This expansion enables us to support not only larger institutions but also smaller entities that are integral to our network.”
Supporting Providers Nationwide
With a portfolio now exceeding 2,200 properties, Scioto Properties is positioned to meet the diverse needs of care providers, ranging from large national organizations to smaller regional entities. The company’s growth strategy emphasizes flexibility, enabling it to partner efficiently with both large and small providers. While larger providers can benefit from Scioto’s extensive scale, smaller providers will continue to receive tailored, one-on-one support to facilitate their expansion efforts.
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By Proptechbuzz
By Ravi Kumar
