LOUISVILLE, Ky. — Cushman & Wakefield has negotiated the sale of a two-property, 145-unit seniors housing portfolio in suburban Louisville, comprised of Elmcroft at Oaklawn and Elmcroft of Valley Farms, for an undisclosed price.
Capital Health Group LLC, acting on behalf of CHH Senior Housing LP, bought the properties from Senior Care US Holdings Inc.
Elmcroft at Oaklawn is an assisted living and memory care facility built in 2012 on 5.62 acres. The two-story, 71,963-square-foot building offers 56 assisted living units and 24 memory care units. The property was 99 percent occupied at the time of sale.
Elmcroft of Valley Farms is an assisted living and memory care facility built in 2012 on 6.65 acres. The one-story, 61,074-square-foot building offers 31 assisted living units and 34 memory care units. The property was 85 percent occupied at the time of sale.
Allen McMurtry, Megan Fetter and David Kliewer from Cushman & Wakefield’s Tampa, Fla. office represented the seller.
CHH Senior Housing is a joint venture between Capital Health Group, Hunt Realty Investments and the Teacher Retirement System of Texas.