AURORA, Ill. — Walker & Dunlop Inc. has provided $11 million in bridge financing for The Vistas Fox Valley, a 136-bed supportive living facility in Aurora. The borrower was Cascade Capital Group, which used the funds to acquire the community.
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MATTESON, Ill. — Alexi Senior Living Corp. has received $17.7 million in HUD financing, allowing the company to start construction of Alexi Senior Community in Matteson, a southern suburb of Chicago. Upon completion the property will feature 55 assisted living
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AURORA, Ill. — Lancaster Pollard has provided $14.8 million in HUD financing for the development of a Thrive skilled nursing facility in Aurora, approximately 38 miles west of downtown Chicago. The 68-bed facility will focus on post-acute care. The borrower
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WASHINGTON, D.C. — Berkadia’s Seniors Housing & Healthcare group has closed $57.2 million in loans for skilled nursing facilities in Alabama, Illinois, New Jersey, Maryland and Washington. Berkadia refinanced a portfolio of three skilled nursing facilities in Washington state for
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PONTIAC, Ill. — Cambridge Realty Capital Cos. has provided a $7.6 million HUD loan to refinance Pontiac Supportive Living, a 60-bed assisted living facility in Pontiac. Located in the central part of the state approximately 100 miles southwest of Chicago,
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CHICAGO — Fundamental Advisors has sold The Clare at Rush and Pearson, a 53-story continuing care retirement community (CCRC) in downtown Chicago, to LCS. Although the price was not disclosed, BMO Harris provided $59.4 million in financing for the transaction. Fundamental
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ILLINOIS and NEW JERSEY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a total of $60 million in HUD financing for a portfolio of skilled nursing facilities in Illinois and New Jersey. In
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JACKSONVILLE, Ill. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Knollwood Retirement Village in Jacksonville, approximately 85 miles north of St. Louis. Knollwood is situated on 16.9 acres of a 32-acre site and features 86 units (96
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CHICAGO — The NHP Foundation, in partnership with Low Income Investment Fund, has acquired Edwin C. Berry Manor Apartments, an affordable seniors housing community in Chicago. NHP plans to preserve and maintain the 57-unit property, which was built in 1991.
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HUNTLEY, Ill. — Resort Lifestyle Communities has opened Huntley Springs Retirement Resort, an active adult community in Huntley, approximately 50 miles northwest of Chicago. The property offers 128 apartments reserved for residents age 55 or older. “Our research indicated there
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ILLINOIS — Capital Funding LLC has provided bridge-to-HUD financing for the acquisition of six skilled nursing facilities located throughout Illinois. The portfolio totals 594 total beds. The borrower, amount of capital, and names and locations of the properties were not
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CHICAGO — Smith Senior Living has broken ground on an expansion project at Smith Village, a continuing care retirement community in Chicago’s Beverly neighborhood.
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WESTMONT and LAKE ZURICH, Ill. — CBRE has arranged a $45.7 million refinancing for Aspired Living of Westmont and Azpira Place of Lake Zurich, both seniors housing communities outside of Chicago.
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RIVER FOREST, Ill. — Senior Lifestyle Corp., along with Kaufman Jacobs, has broken ground on The Sheridan at River Forest in River Forest, a village just west of Chicago.
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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.
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OAK BROOK, Ill. — Owner, operator and developer Senior Lifestyle Corp., along with real estate investment firm Kaufman Jacobs, have broken ground on The Sheridan at Oak Brook, approximately 17 miles west of downtown Chicago.
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SPRINGFIELD, Ill. — Elevation Financial Group has acquired two affordable seniors housing communities in Springfield, located between Chicago and St. Louis, for a total price of $10.7 million.
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AURORA, Ill. — Walker & Dunlop Inc. has provided $12.8 million in bridge financing for The Grove Fox Valley, a 156-bed skilled nursing facility in Aurora, approximately 40 miles west of downtown Chicago.
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ADDISON, Ill. — Developer LCS, investor Harrison Street and builder Ryan Cos. have completed Clarendale of Addison, located approximately 20 miles from downtown Chicago.
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SIOUX FALLS, S.D. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of three skilled nursing facilities totaling 279 beds in northwest Illinois.
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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
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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
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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
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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
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DES PLAINES, Ill. — Strawberry Fields REIT has acquired a skilled nursing facility located in Des Plaines for $15 million.
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HANOVER PARK, Ill. — Aman Living will hold a grand opening on July 14 for the clubhouse at Verandah Senior Living, a seniors housing community in Hanover Park, approximately 30 miles west of Chicago.
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CHICAGO— Evergreen Real Estate Group has completed a $4 million renovation of Bethel Terrace Apartments, a 123-unit affordable seniors housing community in Chicago’s Englewood neighborhood.
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