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2300 Illinois Route 53

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

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

2300 Illinois Route 53

Units

138

Asset Type

Senior Housing

Closing

Aug 14, 2026

AI

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:

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.

Players

Cody Tremper

Berkadia

Broker

$41.2M

vol

9 deals

Broker
Jeff Aeder

Jeff Aeder

JDI Realty

Buyer

3 deals

Buyer

Kildeer 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93