LOUISVILLE, Ky. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Forest Hills Commons, a 119-unit assisted living and memory care community in Louisville.
Built in 2019, Forest Hills is located 14 miles from downtown Louisville on 4.4 acres.
The seller is a regional owner-operator exiting the state of Kentucky. The buyer is a Midwest-based owner-operator looking to add to its existing footprint throughout the Midwest. The price was not disclosed.
Ryan Saul and Daniel Geraghty handled the transaction on behalf of SLIB.
“The seller developed this asset with hopes of expanding its portfolio in Kentucky,” says Saul. “When additional acquisition and development didn’t happen, they turned to SLIB to run a confidential sales process.”
The post SLIB Brokers Sale of 119-Unit Forest Hills Commons in Louisville, Kentucky appeared first on Seniors Housing Business.