Cedarhurst Senior Living announced that it acquired The Enclave of East Louisville, now known as Cedarhurst of East Louisville. The Class-A Kentucky community delivered strong occupancy and stable margins, and there is potential to increase the property’s NOI in the short term. Built in 2012, it features 56 assisted living and 24 memory care units on 5.9 acres.
Kyle Hallion, Lauren Nagle and Brooks Blackmon of Blueprint handled the transaction, representing an institutional private equity seller that was a repeat client. There was a competitive marketing campaign that garnered multiple private capital bids, with a final round of tours that enabled the firm to drive pricing and secure favorable transaction terms.
The deal closed smoothly and on schedule. The closing marks Blueprint’s fifth successful September transaction in the Commonwealth, bringing its month-to-date volume to over $235 million.
