Michael F. Flanagan Of Flanagan & Associates Sells The Oaks At Bartlett For $43 Million

The transaction involved the sale of The Oaks at Bartlett, a senior housing community located at 825 Carillon Drive in Bartlett, Illinois. The community encompasses 37 acres and provides a total of 283 units. The sale price was recorded at $43,000,000, which translates to a price per unit of $151,943.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $43,000,000
• Address: 825 Carillon Drive
• Market: Bartlett
• Acres: 37
• Units: 283
• Price Per Unit: $151,943
• Seller: Michael F. Flanagan - Flanagan & Associates, LLC
• Brokers: David Kliewer & Jay Jordan - Continuum Advisors

Continuum Advisors facilitated the court-supervised sale process following a default on bond obligations. The buyer of the property was a national institutional investor, marking a significant engagement in the senior housing market.