CBRE National Senior Housing announced the sale of Residences at Merrillville Lakes, a 356-unit, five-story active adult community located in Merrillville Lakes, Indiana (Chicago MSA). Built in 2009, the community sits on 20 acres and features a resort-style pool, large private theater room, a health and fitness center, and library, among other amenities. The seller of the community was an entity controlled by the principals of Chicago-based companies Oculus Development, LLC and UIRC, Inc. CBRE’s Indianapolis/Louisville Multifamily team members Steve LaMotte, Jr. and Dane Wilson, with senior housing team members John Sweeny, Aron Will, Garrett Sacco and Scott Bray, represented the seller in the transaction.
