Illinois

MOKENA, Ill. — Inland Real Estate Acquisitions has acquired Clarendale of Mokena, a 156-unit senior living community located in Mokena, a southwest suburb of Chicago.  The property features 60 independent living, 56 assisted living and 40 memory care units. Amenities at the community include a bistro, pub, full-service salon and spa, fitness studio, theater room, gathering spaces, landscaped grounds and an outdoor patio.  “Our senior living investment strategy centers on acquiring the highest quality opportunities with best-in-class operators,” says Matthew Tice, senior vice president of Inland. “The Clarendale of Mokena is …

BOLINGBROOK, Ill. — SVN Chicago Commercial has brokered the sale of McKenzie Falls, a senior living community located in Bolingbrook, roughly 30 miles southwest of downtown Chicago.  An undisclosed buyer acquired the property, which totals 105 units, for $6.7 million.  Reid Bennett, Cody Doran and Dan Short of SVN Chicago Commercial arranged the transaction.  “This was a more intricate transaction given the layered capital stack and various area median income restrictions,” says Doran. “However, our team’s experience navigating complex deal structures, combined with a highly capable and well-capitalized buyer, allowed us …