Allen McMurtry, Megan Fetter and David Kliewer Represented Senior Care US Holdings, Inc. in its Disposition of Elmcroft at Oaklawn and Elmcroft of Valley Farms
Cushman & Wakefieldannounced today that it has negotiated the sale of a two-property, 145-unit senior housing portfolio in suburban Louisville, Ky., comprised of Elmcroft at Oaklawn and Elmcroft of Valley Farms.
Based in Cushman & Wakefield’s Tampa office, Executive Managing DirectorAllen McMurtry, Senior Managing DirectorMegan Fetterand Senior Managing DirectorDavid Kliewerrepresented seller Senior Care US Holdings, Inc. in the disposition. Capital Health Group, LLC purchased the assets on behalf of CHH Senior Housing, LP, a Capital Health Group sponsored programmatic joint venture withHunt Realty Investmentsand theTeacher Retirement System of Texas.
Elmcroft at Oaklawn is an 80-unit assisted living and memory care facility built in 2012 on ±5.62 acres at100 Shelby Station Drive. The two-story, ±71,963-square-foot building offers 56 assisted living units and 24 memory care units. The property houses 102 licensed beds and was 99 percent occupied at the time of sale. The facility is located approximately 17 miles east of downtown Louisville.
Elmcroft of Valley Farms is a 65-unit assisted living and memory care facility built in 2012 on ±6.65 acres at10201 Valley Farms Boulevard. The one-story, ±61,074-square-foot building offers 31 assisted living units and 34 memory care units for a total of 65 certified units. The property was 85 percent occupied at the time of sale. The facility is located approximately 15 miles south of downtown Louisville.
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