Inland Secures $112M for Chicagoland Senior Housing Portfolio
JLL has arranged $112 million in acquisition financing from a regional bank for the purchase of a two-property portfolio of independent living, assisted living and memory care communities totaling 330 units in the Chicago area.
JLL placed the financing on behalf of an affiliate of The Inland Real Estate Group, LLC. The JLL Seniors Housing Capital Markets team representing the borrower was led by Senior Director Sam Dylag.
The stabilized portfolio consists of Deer Park Village, an 188-unit community in Deer Park that opened in 2016, and The Landings, a 142-unit community originally constructed in 2021 and located in Batavia. Dial Senior Living will continue management of the properties.
“JLL has been a committed partner to our senior living investment strategy and delivered an attractive financing solution for this acquisition that expanded Inland’s lending relationships in a capital markets environment where experience and conviction matter,” said Joseph Binder, Chief Investment Officer of Inland.
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout