Mark Myers, Joshua Jandris, and Matthew Andriano of Marcus & Millichap arranged the sale of a 188-unit senior living community in Crest Hill, Illinois, about 40 miles southwest of Chicago. The property, consisting of 112 assisted living/memory care units and 76 independent living units, was acquired by a joint venture between Dial Retirement Communities and a private equity fund. The sellers were two entities controlled by Greg and Renee Wolf, a couple who had developed the facility over the past 15 years. Dial will take over operations and add new programming in the process. The purchase price was not disclosed.
Dialed in
