JEFFERSONTOWN, Ky. — A private equity firm has acquired Park Louisville, a memory care facility in the Louisville suburb of Jeffersontown, for $4.3 million.
Formerly known as Arden Courts of Louisville, the 64-unit community was completed in 1999 and underwent $500,000 in renovations in 2016. The property was 30 percent occupied at the time of sale.
HCR ManorCare developed and owned the property from its completion until 2016, when a large skilled nursing owner-operator acquired a large ManorCare portfolio.
Evans Senior Investments brokered the deal, which equates to $68,000 per unit.