SLIB Arranges Sale of 156-Bed Skilled Nursing Facility in Indiana

NEW ALBANY, Ind. — Senior Living Investment Brokerage has arranged the sale of Lincoln Hills, a skilled nursing facility in New Albany, located just across the Ohio River from Louisville, Ky.

The one-story property features 123 skilled nursing beds and 33 memory care beds. It was built in 1974 and renovated in 2007. The 52,070-square-foot facility sits on 7.8 acres, and was 85 percent occupied at the time of sale.

The seller was a private partnership based in Kentucky and Florida that was looking to sell to retire from the business. The buyer was CarDon and Associates, based in Indiana. CarDon has numerous properties all across the state of Indiana. The price was not disclosed.

Ryan Saul of Senior Living Investment Brokerage Inc. facilitated the transaction.

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