The property asset involved in this transaction is a 75-unit senior housing community located at 6301 Lincoln Highway, Matteson, IL. The property spans 81,589 square feet and is situated on 5.5 acres. Built for $21 million in 2021, it features assisted living and memory care units along with various amenities such as a dining room, salon, gym, theater, and courtyard.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 75
• Square Footage: 81,589
• Acres: 5.5
• Buyer: Joe Tutera
• Company: Tutera Senior Living & Health Care
• Previous Name: Alexi Senior Living
• Future Name: Ridgeland Senior Living
• Closing Date: 02/21/2025

Joe Tutera, representing Tutera Senior Living & Health Care, was involved in the acquisition of the Alexi Senior Living community, which they plan to reopen as Ridgeland Senior Living this spring, continuing their commitment to senior housing services.