Senior Living Investment Brokerage facilitated the sale of a Class-A seniors housing community in a southern submarket of Chicago, Illinois. The seller was a Midwest-based institutional investor that had partnered with Dial Senior Living on a larger portfolio. The asset had reached its investment horizon within a fund, hence the divestiture.
Willow Falls comprises 188 units of independent living, assisted living and memory care in the town of Crest Hill. It was purchased by a Midwest-based owner/operator looking to expand its existing footprint in the Midwest and to enhance the assisted living and memory care components at the community, as well as improve occupancy.
There was a national, yet confidential market for the community with multiple offers from both local and regional buyers. Bradley Clousing, Ryan Saul and Daniel Geraghty handled the transaction.
