Jones Lang LaSalle Inc.
08/11/2026 | Press release | Distributed by Public on 08/11/2026 10:25
JLL arranges sale of Preston Greens Senior Living in Lexington, Kentucky
SAN DIEGO, Aug. 11, 2026 - JLL Capital Markets announced today that it arranged the sale of Preston Greens Senior Living, a 124-unit, Class A assisted living and memory care community in Lexington, Kentucky.
JLL represented the seller, and procured the buyer, a partnership between an established REIT and Cedarhurst Senior Living.
Located at 1825 Little Herb Way in Lexington's affluent Hamburg area, Preston Greens is a 140-bed senior living community that opened in 2021. The property features 100 assisted living units and 24 memory care units across a thoughtfully designed five-acre campus totaling 124,010 square feet. The 95%-occupied community offers residents extensive amenities, including multiple dining venues, a full-service bistro and bar, fitness center, salon, therapy and massage rooms, art studio, theater and landscaped outdoor areas including a courtyard, garden, dog park and putting green.
Preston Greens benefits from its strategic location across from Baptist Health Hamburg Hospital and walkable access to Hamburg Pavilion, a one-million-square-foot retail center anchored by Target, Costco and other major retailers. The property is situated in a strong demographic market where the 75+ population within a five-mile radius is projected to grow 26.6% by 2030, with average household incomes exceeding $108,000.
The JLL Seniors Housing Capital Markets team representing the seller included Senior Managing Directors Rick Swartz, Jay Wagner and Aaron Rosenzweig and Senior Director Dan Baker.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
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