Senior Resource Group Acquires Community In Metro Chicago For $212.5m
LINCOLNWOOD, Ill. — Senior Resource Group and the TIAA Real Estate Account — which is managed and supported by Nuveen Real Estate — have acquired The Carrington at Lincolnwood in Lincolnwood, roughly 13 miles northwest of downtown Chicago. A partnership between LAMB Properties and Harbert South Bay Partners sold the property for $212.5 million.
Totaling 383 units, The Carrington at Lincolnwood features independent living, assisted living and memory care residences. The community was built in 2028. Amenities at the property include an indoor pool, movie theater, wellness gym, sports bar, game room, salon, café and bistro, libraries, worship areas, a creative arts studio and a dog park.
The community is also situated adjacent to Lincolnwood Town Center, a 31-acre mixed-use property that is scheduled to undergo redevelopment.
JLL Capital Markets arranged the sale on behalf of the seller. JLL also secured a five-year acquisition loan through a national bank on behalf of the buyer.
The post Senior Resource Group Acquires Community in Metro Chicago for $212.5M appeared first on Seniors Housing Business.
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