Working on behalf of an institutional seller, Blueprint facilitated the sale of Elison Independent Living of Niles, a 288-unit independent living community in Niles, Illinois. Current ownership had recently completed high-end renovations to the common areas, increasing the appeal of the property to investors (and to residents, we imagine).
Traditional seniors housing, active adult and multifamily acquirers were targeted before the seller chose to move forward with a historically multifamily buyer, Legacy Crossings, which wanted to enter the seniors housing market. Legacy Crossings has a presence in Florida and Illinois and plans to undertake an extensive capital improvement project to maximize the property’s potential as an active adult community. Ben Firestone, Brooks Blackmon and Lauren Nagle of Blueprint handled the transaction.
