Senior Living Investment Brokerage Announces Sale of Kentucky Portfolio

June 6, 2023

Senior Living Investment (SLIB) has announced the sale of Arcadian Cove and Willow Creek Senior Living; the pair of Kentucky facilities combine for 114 units. Built in 2009, Richmond’s Arcadian Cove features 49 units of assisted living; Elizabethtown’s Willow Creek Senior Living was built in 1998 and includes 65 assisted living units and memory care.

The Seller was a REIT divesting of these two properties for strategic consolidation purposes. The buyer was a northeast-based operator looking to add to its growing Midwest portfolio.

SLIB created a national-yet-confidential market for this offering, which included multiple offers from both local and regional buyers.

“Willow Creek Senior Living and Arcadian Cove will benefit operationally from the buyer’s expanding footprint across the Midwest,” stated SLIB Senior Vice President Daniel Geraghty. “This will be a smooth transition for the staff and residents.”

Geraghty, Vince Viverito, and Jason Punzel handled the transaction.