New Perspective Acquires 100-Unit Arboria of Long Grove in Illinois

by Jeff Shaw

LONG GROVE, Ill. — Minnesota-based New Perspective, through its Purpose First Partners venture with Boldt Capital, has acquired Arboria of Long Grove, a seniors housing community in the Chicago suburb of Long Grove.

The property will be rebranded New Perspective Long Grove. The building includes 60 assisted living apartments and 40 memory care apartments.

New Perspective is managing and operating the Long Grove location. The company also operates a community in nearby Silvis.

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