StepStone Group Acquires North Shore Place Senior Housing In Northbrook For $144 Million

The asset involved in this transaction is an assisted living and memory care complex known as North Shore Place, located at 1000 Sunset Ridge Road in Northbrook. The property features 156 units and was sold for a price of $144 million, achieving a price per unit of $923,077.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $144,000,000
• Units: 156
• Price Per Unit: $923,077
• Buyer: Scott Hart - StepStone Group
• Seller: Susan Barlow & Kathryn Sweeney - Blue Moon Capital Partners

This transaction reflects the efforts of Blue Moon Capital Partners in enhancing their portfolio value, marked by a 32% increase over its 2017 purchase of nearly $110 million. The deal signifies StepStone Group's strategic acquisition in the senior housing market.