Two development sites have been sold by Metropolitan Borough Council to a Black Country firm which will build new care facilities.
Walsall-based Upward Property Estates acquired the land in an undisclosed deal following a two-stage tender process.
The Solihull Lodge sites comprise one acre at the junction of High Street and Grenslade Road a half-acre plot in Yardley Wood Road.
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Property consultancy CBRE was briefed to find a buyer able to provide affordable adult social care to replace the former council-owned and council-run care homes on the sites, called Sunhaven and Coombes House.
Upward Property Estates is a specialist housing provider for vulnerable adults while its Upward Care arm provides tailored supported care and extra care services.
The company is planning an extra care development on the larger High Street site which will comprise 33 apartments, tenants' lounges and a restaurant.
They will be available to people aged 55 and over with dementia who have an assessed care and support need.
At the Yardley Wood Road site, Upward Property Estates will build 18 apartments, two bungalows and tenants' lounges available predominantly to adults with learning disabilities, also with an assessed care and support need.
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Upward Property Estates will lodge a planning application for the developments later this year and the schemes are expected to be operational from spring 2017.
Director Simon Griffiths said: "After a tough and rigorous two-stage tender process, we are very excited and looking forward to redeveloping the former Sunhaven and Coombes House care home sites in Solihull Lodge.
"We will be developing high-quality housing for some of the most vulnerable people in the Solihull area, whose housing options at present are very limited."
CBRE advised the council's land and property and care commissioner teams and also lead the marketing process.
Caroline Mitchell-Sanders, a director in CBRE's regeneration and development team, said: "Providing cost effective social care is a major challenge for many local authorities.
"With the help of our specialist markets team, we were able to identify potential developers for the sites and help deliver a key council policy.
"Upward have a solid track record in delivering accommodation with care and support for vulnerable people."