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.

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.