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 Supportive Living beds). The 60,240-square-foot community was built in 2004 and features studio, one- and two-bedroom units.
Before the sale was completed, the State of Illinois approved certification to the state’s SLP Dementia Care Program, allowing the new owner to add 10 memory care units. Occupancy was 90 percent at the time of sale.
Ryan Saul and Jeff Binder of SLIB facilitated the sale.