Mike Garbers and Cody Tremper of JLL Seniors Housing Capital Markets represented Lutheran Life Communities in its sale of a 171-licensed bed senior care campus in Chicago, Illinois. Originally built in 1921 with additions of the East Wing in 1956 and the West Wing 1970, the property features 55 sheltered care units and a skilled nursing portion that operates with 96 beds. It is situated on a 2.38-acre site in Chicago’s Irving Park neighborhood just northwest of downtown.
The buyer ended up being an experienced operator of long-term care facilities in Illinois. They paid an undisclosed price and have renamed the building to Paul House and Healthcare Center. After the deal, Lutheran Life Communities now owns and operates three locations in Illinois and one each in Florida and Indiana.
