HENDERSON, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of four assisted living and independent living communities in Henderson, just across the Ohio River from Evansville, Indiana.
The communities offer a combined 120 assisted living units and 38 independent living units. They were built in 2000, 2014, 2017 and 2019.
The seller was a local owner-operator that developed and operated these assets since their inception. The buyer is a Kentucky-based owner-operator looking to grow its portfolio strategically in Western Kentucky. The price was not disclosed.
Ryan Saul and Daniel Geraghty of SLIB handled the transaction.
“This was a great opportunity for the buyers to acquire a community in their local market where they already owned and operated,” says Saul. “Instead of expanding their existing facility or building new, they saw this as an opportunity to grow by acquiring another privately owned facility where the owner was looking to retire.”