Tony Chereso Of Inland Real Estate Group Acquires Senior Housing Portfolio For $217 Million

Four senior housing communities located across the Chicago area were involved in a recent transaction, with a total sale price of $217 million. The properties include addresses at 21536 Wolf Road, 29330 North Waukegan Road, 3121 North Sheridan Road, and 22320 Classic Court, contributing to the senior housing market in Mokena, Lake Bluff, Chicago, and Lake Barrington.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $217,000,000
• Buyer: Tony Chereso - Inland Real Estate Group; Town Lake; Jeff Annenberg - Annenberg Investments, Ltd.; Rick Matros - Sabra Health Care REIT, Inc.
• Seller: Chris Bird - LCS Senior Living; Debra A. Cafaro - Ventas Inc.; Stephen A. Schwarzman - Blackstone

Inland Real Estate Group acquired Clarendale of Mokena for $72 million, while Town Lake purchased Sheridan at Green Oaks for $65 million. Annenberg Investments Ltd. secured a Lakeview senior living property from Ventas for $30 million, and Sabra Health Care REIT completed the acquisition of Lake Barrington Woods from Blackstone for $50 million. These transactions highlight significant activity in the senior housing sector.