Ariel Gutnicki Of Alpine Healthcare Acquires Senior Housing Facilities In Evanston And Zion For $32.9M

The transaction involved the sale of two senior rehab facilities located at 500 Asbury Avenue in Evanston and 2534 Elim Avenue in Zion. The properties, known as The Grove at Evanston and The Grove at The Lake, were sold for a combined amount of $32.9 million. These facilities are situated in markets seeing increased transaction activity within the senior housing sector.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $32,900,000
• Buyer: Ariel Gutnicki - Alpine Healthcare
• Seller: Chaim Rajchenbach - Cascade Capital Group
• Transaction Date: 03/20/2026
• Market: Evanston & Zion

Ariel Gutnicki, representing Alpine Healthcare, undertook the rebranding of the acquired properties as Alpine Care facilities. Chaim Rajchenbach, on behalf of Cascade Capital Group, facilitated the sale of these senior housing assets which reflect current mixed pricing trends in the market.