Inland Purchases 156-Unit Seniors Housing Property in Illinois

Inland Purchases 156-Unit Seniors Housing Property in Illinois
News| April 16, 2026| Jasmine Kilman
Chicago & Midwest

Inland Real Estate Acquisitions negotiated and closed the purchase of Clarendale of Mokena, a 156-unit senior living community in Mokena, Illinois, a southwest suburb of Chicago.

Matthew Tice, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate. The community was acquired from a joint venture between LCS and Nuveen Real Estate.

Located at 21536 Wolf Road, Clarendale of Mokena features 60 independent living, 56 assisted living and 40 memory care units. The property is conveniently located one mile from Northwestern Medical Center, Riverside Healthcare and Silver Cross Outpatient Center.

“Our senior living investment strategy centers on acquiring the highest quality opportunities with best-in-class operators,” commented Tice. LCS Community Operations will continue to provide management services for the property. Clarendale of Mokena was 94 percent occupied as of closing.

Other News

Pasadena Offices Sell for Residential Conversion

California & West + Apartment Buildings

NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...

Learn more

Berkadia Negotiates Student Housing Property Sale in Kansas

Chicago & Midwest + Student Housing

Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...

Learn more

Roxborough Makes Second NorCal Apartment Buy Through Latest Fund

California & West + Apartment Buildings

The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up