SLIB Brokers $3.9M Sale of Brookdale-Managed Assisted Living Community in Tennessee

by Jeff Shaw

NEWPORT, Tenn. — Senior Living Investment Brokerage has arranged the sale of Brookdale Newport, a 42-unit assisted living and memory care community in Newport, approximately 50 miles east of Knoxville.

A private equity group sold the property to an undisclosed buyer for $3.9 million. Brookdale Senior Living currently operates the community.

Bradley Clousing of Senior Living Investment Brokerage handled the transaction.

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