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

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.