SLIB facilitated the sale of a Class-A, 100-unit assisted living and memory care community in Brentwood, Tennessee, within the Nashville MSA.
Recently constructed in 2021 and opened in 2022, the property sits on approximately 6.620 acres and features high-quality design, modern layouts, and premium finishes in a prime infill location.
The seller was a Texas-based developer and East Coast-based capital provider. The buyer was a REIT that retained the current operator post-closing. SLIB was able to leverage their national marketing platform to create a confidential, yet competitive, market for this offering.
SLIB was able to create a national market for the asset and procured 12 offers through a competitive bidding process. Bradley Clousing and Daniel Geraghty of SLIB handled the transaction on behalf of the seller.
