Inland Real Estate Group Acquires Two Senior Housing Communities In Deer Park And Batavia For $160.5M

The transaction involved two senior housing properties located at 21840 Lake Cook Road, Deer Park, IL and 2450 Fabyan Parkway, Batavia, IL. The sale price for the total transaction was $160,500,000, with the Deer Park property sold for $90,300,000 and the Batavia facility for $70,200,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $160,500,000
• Buyer: Daniel L. Goodwin & Tony Chereso - Inland Real Estate Group
• Seller: Christopher Merrill & Rob Korslin - Harrison Street Asset Management
• Market: Deer Park & Batavia, IL

Inland Real Estate Group is expanding its senior housing portfolio through this acquisition. Harrison Street Asset Management continues to recycle capital after completing over $800 million in senior housing dispositions earlier in the year, which reflects a strong long-term demand influenced by the aging U.S. population.