Greystone Monticello Provides Bridge Financing For $150M Acquisition Of Supportive Living Facilities Portfolio In Illinois

An Illinois portfolio of eight Supportive Living Facilities has been acquired for $150 million. The senior housing assets are located in Elk Grove, Melrose Park, Country Club Hills, Bartlett, Vernon Hills, and Chicago. The transaction was facilitated by Eric Rosenstock, representing Greystone, and aims to address the need for affordable seniors housing in the state.

Summary of transation details

• Property Type: Senior Housing
• Transaction Amount: $150,000,000
• Bed count: 921
• Price per bed: $162,866
• Market: Elk Grove, Melrose Park, Country Club Hills, Bartlett, Vernon Hills & Chicago

Eric Rosenstock, a broker from Greystone, played a crucial role in the $150 million acquisition of the Supportive Living Facilities portfolio. The financing provided by Greystone Monticello enabled a smooth transition to long-term funding, ensuring the availability of affordable housing options for seniors in Illinois.