Berkadia Closes Sale Of 160-Unit Senior Housing Community In Lenoir For AEW Capital Management

The transaction involved the sale of a senior housing asset located at 1815 Ridge Avenue, Lenoir, IL. The property consists of 160 units, categorized as Class-A senior living, and includes both independent/assisted living and memory care units. Completed in 2021, this nine-story building serves as a senior living community in the local market.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 160
• Seller: Jonathan Martin - AEW Capital Management
• Brokers: Dave Fasano, Ross Sanders, Cody Tremper & Mike Garbers - Berkadia

This transaction was facilitated by Berkadia, which represented AEW Capital Management in the sale of Trulee Evanston. Solera Senior Living is set to continue operating the community for the new national REIT owner, ensuring a transition of management following the sale.