Multifamily news in Senior Housing - Chicago
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Walker & Dunlop Arranges $25M for 2 Senior Housing Communities
Senior Managing Director Joshua Rosen led the origination team which provided HUD financing for the Manchester, Ky., and Aurora, Ill., properties.
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Evergreen Lands $16M Refi for Chicago-Area Community
The 134-unit property in Joliet, Ill., caters to seniors aged 62 and over and disabled individuals.
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Construction Completed on Chicago-Area Senior Housing
McShane Construction Co. completed the 146-unit property located in Naperville, a western suburb.
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Chicago-Area Senior Housing Community Opens
The property is the latest development from Resort Lifestyle Communities, which recently opened a senior housing project in Pittsburgh.
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Luxury Senior Housing Underway in Chicago
Senior Lifestyle Corp. and Kaufman Jacobs started construction on a 200-unit upscale community offering independent living, assisted living and memory care.
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Strawberry Fields Pays $15M for IL Skilled Nursing Facility
The current tenant of Landmark of Des Plaines, which leased the property at the beginning of 2018, will continue to operate under its 10-year lease.
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Chicago-Area Assisted Living Community Gets New Building
The 156-unit luxury facility, located right across from Chicago Botanic Garden, opened its doors in 2014. A former memory care wing will be converted into assisted living units.
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Affordable Senior Housing Breaks Ground in Illinois
The 60-unit Residences of Crystal Lake is slated for completion by March 2020.
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$30M Senior Living Project Breaks Ground in Suburban Chicago
Scheduled for completion in mid-2020, the three-story assisted living and memory care community will bring 86 residential suites to Highland Park, Ill.
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Evergreen Real Estate Grows Affordable Housing Management Portfolio
The Chicago-based firm added nine communities totaling more than 1,000 affordable housing units located in Illinois, Kansas, Ohio and Wisconsin.
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Arcapita Acquires Chicago Senior Housing Portfolio
The portfolio is composed of 1,100 units and is the company’s third senior housing acquisition over the last two-and-a-half years.
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JV Buys Recently Built Chicago-Area Senior Housing Property
Virtus Real Estate Capital and Pathway to Living are the new owners of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care facility in Prospect Heights, Ill.
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Spectrum Retirement to Add 2 Properties in Suburban Chicago
The communities located in Elgin and Algonquin are set to provide a total of 341 units, including independent living, assisted living and memory care facilities.
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2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
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Pathway to Living Launches Chicago-Area Senior Housing
Heartis Village of Orland Park includes 72 assisted-living units across a three-story building and 24 units in a memory-care wing.