GEORGETOWN, Ind. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Villas of Guerin Woods in Georgetown, a suburb of Louisville, Kentucky.
The property offers primarily skilled nursing with some assisted living and memory care options across eight individual “small houses” with 10 units in each.
A nonprofit organization seeking to exit its only seniors housing asset sold the community to a private regional company with 14 other communities in Indiana. The price was $4.3 million.
Ryan Saul and Nick Cacciabando of SLIB handled the transaction.
“This transaction offered the Buyer a unique skilled nursing operating platform of separate, private villas with private rooms,” says Saul. “COVID has operators looking for alternative solutions to provide services to residents. The private villas at this community met this need.”