SLIB Facilitates Sale of Skilled Nursing Community Near Lexington, KY
GLEN ELLYN, IL–SLIB, a leader in the seniors housing market, facilitated the sale of a 85-bed skilled nursing community located ten miles north of Lexington, KY. The asset offers a well-maintained physical plant that has received several updates within the last few years and stable occupancy. The community has an excellent reputation in the local market and is located within four miles of the local hospital.
According to Dan Geraghty, Senior Associate, “Dover Manor has been historically well occupied with a great reputation in the local community. This will be a great transition given the buyer’s growing footprint across the Southeast.”
The Buyer is a northeast owner / operator who is strategically adding to their portfolio. This is their first acquisition in the state of Kentucky. The Seller is a local owner / operator looking to exit the skilled nursing industry.
SLIB was able to leverage their nationwide marketing platform to create a national, yet confidential market for this offering. Daniel Geraghty and Brad Clousing handled the transaction.