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WHEATON, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a six-property portfolio totaling 443 units. A partnership between an operator and a publicly traded REIT acquired the portfolio.
Four of the properties are located in Kentucky, with one of the communities in Michigan and another in Tennessee.
According to SLIB, the portfolio has maintained an average occupancy rate of 96 percent over the past three ears.
Bradley Clousing and Daniel Geraghty of SLIB brokered the transaction on behalf of the undisclosed seller. The sales price was not disclosed, but SLIB reports that the portfolio attracted multiple bids.