Preservation Equity Fund Advisors LLC (PEF Advisors) acquired an affordable seniors housing community in Illinois. Built in 1998, Freedom Village in Homewood comprises 198 units in three stories in the greater Chicago area. Units include a mix of one- and two-bedroom floorplans and are reserved for seniors earning up to 60% of the area median income. At the time of the transaction, the community was 98% occupied. The seller and purchase price of the community were not disclosed.
Just last month, according to Levin Pro LTC, PEF Advisors also acquired Belmont Place Senior Apartments, a 110-unit affordable seniors housing community in the Chicago area. That transaction closed on January 17.
