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:
- 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.
Players
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