ELMHURST, Ill. — Focus Healthcare Partners LLC, a Chicago-based real estate investment and asset management firm, has acquired Lexington Square Senior Living in Elmhurst, approximately 15 miles west of Chicago.
BMO provided financing for the sale. The price and seller were not disclosed.
Focus will rebrand the community as The Roosevelt at Salt Creek and convert it from an entrance-fee buy-in model to a rental community offering independent living and assisted living.
Life Care Services will manage the community and help facilitate the transformation.
Focus will implement a multi-year renovation plan to build out the community’s common areas, enhance its amenities and broaden programming options.