CHICAGO — Evergreen Real Estate Group has completed construction of Independence Apartments, a six-story, 44-unit affordable seniors housing community located above the new Independence Branch Library in Chicago’s Irving Park neighborhood.
Illinois
Covenant Living Communities Appoints James Torrible as Vice President of Fund Development
by Jeff Shaw
SKOKIE, Ill. — Covenant Living Communities and Services, a Skokie-based not-for-profit retirement living organization, has named James Torrible as vice president of fund development for the organization. In this role, Torrible will be responsible for strategic oversight on all aspects of fund development throughout the organization and for providing executive leadership for directors of development at Covenant Living communities across the country. Additionally, he will be responsible for establishing organization-wide fund development systems and tools and the strategic leadership for the Covenant Living Foundation. “Bringing James to Covenant Living allows us …
PEORIA, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Courtyard Estates of Peoria, a supportive living facility in Peoria. A large long-term care owner/operator based in Illinois sold the asset to a supportive living facility owner/operator for $8.2 million. Originally built in 1970 as a Peoria Landmark hotel, the property was renovated and converted into a supportive living community in 2011. Situated on 5.5 acres, the 110,315-square-foot facility features 100 supportive living beds in a mix of studio and one-bedroom layouts. At the time of sale, the …
CHICAGO — Walker & Dunlop has added a five-person team of property sales brokers to its Chicago office. This move expands the firm’s multifamily property sales platform to the Midwest. Managing directors Mark Myers and Josh Jandris along with vice presidents Jordyn Berger, Alex Vice and Mike Surak will focus on originating and executing on the full continuum of seniors housing property sales across the United States. Additionally, the team will work closely with Walker & Dunlop’s seniors housing financing group, which originated more than $900 million of seniors housing debt …
Belmont Village Completes Construction of 120,500 SF Community in Chicago’s Lincoln Park
by Jeff Shaw
CHICAGO — Belmont Village Senior Living has opened Belmont Village Lincoln Park, its first community in the city of Chicago and fifth within Chicagoland. Located in the heart of the vibrant Lincoln Park neighborhood, the new community will be the company’s 30th nationwide.