Updated Mar 6, 2026
Stephen A. Schwarzman Of Blackstone Acquires Senior Housing In Lake Barrington For $50M
22320 Classic Court
$50,000,000
Units
192
Asset Type
Senior Housing
Closing
Feb 23, 2026
About this deal
AI
The property asset involved in this transaction is a 192-unit senior housing community located at 22320 Classic Court in Lake Barrington, which has a sale price of $50,000,000. This senior living community is noted for its location in the Lake Barrington market.
Summary of transation details:
- Property Type: Senior Housing
- Transaction Amount: $50,000,000
- Buyer: Stephen A. Schwarzman
- Buyer's Company: Blackstone
- Seller: Rick Matros
- Seller's Company: Sabra Health Care REIT, Inc.
- Units: 192
- Price Per Unit: $260,417
Rick Matros represented Sabra Health Care REIT, Inc. in the sale of the property, which was previously acquired by Blackstone for $73 million in 2017. This transaction reflects significant market shifts, as it occurred following occupancy struggles after the pandemic.
Lake Barrington Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93