BARDSTOWN AND ELIZABETHTOWN, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a portfolio consisting of two central Kentucky properties to an undisclosed West Coast-based buyer. The communities, which are located about 30 miles apart from each other in Bardstown and Elizabethtown, respectively, both offer assisted living and memory care services.
The undisclosed seller was a Southeast-based owner and operator that was seeking to exit the Kentucky market in order to concentrate on its core geographic areas. In conjunction with the sale, the buyer has brought in an operator that already has a presence in Kentucky.
Daniel Geraghty, Bradley Clousing and Matt Alley of SLIB brokered the transaction. SLIB was able to leverage its national marketing platform to create an exclusive yet competitive market for this offering, according to the brokerage team.