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KentuckySeniors Housing

SLIB closes sale of seniors housing facility in Kentucky

September 25, 2020
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SLIB facilitated the sale of the Sterling Meadows assisted-living facility in Mt. Sterling, Kentucky. The facility offers an attractive physical plant while providing the buyer with the opportunity for expansion through memory care services.

The seller was a Lexington-based developer looking to exit the seniors housing sector. The buyer is a Southeast-based owner/operator adding to its portfolio. This is the first acquisition in Kentucky for this buyer.

Daniel Geraghty and Brad Clousing handled the transaction for SLIB.

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