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

Greystone brokers deal for $150,000,000 Supportive Living Facilities Portfolio

Senior Housing
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Summary

Sale
ILLINOIS
Senior Housing

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.

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Eric Rosenstock's profile picture
Eric Rosenstock
Greystone-image
Managing Director
$300M Sold

Details

Deal Summary
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SOLD
IMAGE: Eric Rosenstock DATE: 07/17/2023 ADDRESS: Supportive Living Facilities Portfolio MARKET: Elk Grove, Melrose Park, Country Club Hills & Bartlett, Vernon Hills & Chicago ASSET TYPE: Senior Housing BROKER: Eric Rosenstock - Greystone (@Greystonecref) SALE PRICE: $150,000,000 BEDS: 921 ~ PPB: $162,866 NOTE: Greystone Monticello has provided bridge financing for the $150 million acquisition of a portfolio of eight Supportive Living Facilities in Illinois. The financing will facilitate the transition to long-term funding, addressing the need for affordable seniors housing in the state.

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AddressGreystone brokers deal for $150,000,000 Supportive Living Facilities Portfolio

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