JDI Realty Acquires 138-Unit Senior Housing Community In Long Grove For Undisclosed Price

A 138-unit assisted living and memory care community located at 2300 Illinois Route 53 in Long Grove, Illinois, was sold as part of a transaction managed by Berkadia. The property was originally built in 2018, contributing to a contemporary living environment for residents in the senior housing sector.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not disclosed
• Units: 138
• Address: 2300 Illinois Route 53
• Market: Long Grove, IL
• Buyer: Jeff Aeder - JDI Realty
• Brokers: Cody Tremper, Mike Garbers, Ross Sanders & Dave Fasano - Berkadia

Berkadia coordinate the sale on behalf of an Orlando-based private equity firm. Following the acquisition, Evolve Senior Living will be responsible for the operation of the property, ensuring its management aligns with industry standards.