facebook
Traded Co logo
Submit
Daily limit: 0/10

Max Stesel Of Eden Senior Living Acquires Willow Falls Senior Housing From Dial Retirement Communities For $20M

Property Image
SOLD
$20,000,000

Illinois

See Similar Deals
Senior Housing
Sold 04/08/2024
the dealdetailscomps
Property Image
SOLD

Max Stesel Of Eden Senior Living Acquires Willow Falls Senior Housing From Dial Retirement Communities For $20M

1681 Willow Circle Drive

See Similar Deals
Senior Housing
Sold 04/08/2024
the dealdetailscomps

Summary

ILLINOIS
Asset Type:Senior Housing
Transaction Type:Sale

The senior housing property Willow Falls located at 1681 Willow Circle Drive in Crest Hill was acquired by Max Stesel's Eden Senior Living for $20 million. The property consists of 188 units, amounting to a price per unit of $106,383.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $20,000,000
  • Buyer: Max Stesel - Eden Senior Living
  • Seller: Dial Retirement Communities
  • Units: 188
  • Price Per Unit: $106,383
  • Market: Crest Hill

Investor Max Stesel, representing Eden Senior Living based in Skokie, completed the acquisition of Willow Falls. The seller of the property was Dial Retirement Communities. The transaction, amounting to $20 million, exemplifies the challenges faced by the senior housing sector amid pandemic-related downturns and interest rate hikes, showcasing the ongoing struggles in the senior housing market despite signs of recovery.

Details

SOLD
IMAGE: Max Stesel DATE: 04/08/2024 ADDRESS: 1681 Willow Circle Drive MARKET: Crest Hill ASSET TYPE: Senior Housing BUYER: Max Stesel - Eden Senior Living SELLER: Dial Retirement Communities SALE PRICE: $20,000,000 UNITS: 188 ~ PPU: $106,383 NOTE: Investor Max Stesel's Eden Senior Living, based in Skokie, acquired the 188-unit senior housing property Willow Falls in Crest Hill from an affiliate of Dial Retirement Communities for $20 million, reflecting the challenges faced by the senior housing sector amidst pandemic-related downturns and interest rate hikes. The acquisition price, lower than previous debt on the property, underscores broader struggles in the senior housing market, which, while showing signs of recovery, continues to grapple with financing difficulties and pricing disparities between buyers and sellers.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,066,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44