Lifespace Communities Acquires 257-Unit GreenFields of Geneva CCRC in Illinois

by Jeff Shaw

GENEVA, Ill. ­— Lifespace Communities has acquired GreenFields of Geneva, a nonprofit, 257-unit continuing care retirement community (CCRC) in Geneva, approximately 40 miles west of downtown Chicago.

Friendship Senior Options (FSO) sold the property for an undisclosed price. FSO will continue to provide management services through June, at which time the community will fully transition onto Lifespace management, systems and support.

The sale brings Lifespace’s total portfolio to 18 communities, including three in metro Chicago.

Located on 26 acres bordering two championship golf courses, GreenFields includes walking paths, a fishing pond visited by mallard ducks and Sandhill cranes, and a 3.5-acre native prairie. More than 200 residents call the community home. GreenFields opened its doors in 2012.

“The addition of GreenFields advances our ongoing strategic objective to engage in the rigorous and disciplined pursuit of growth opportunities to scale, build regional density and diversify our core business,” says Jesse Jantzen, Lifespace president and CEO.

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