Shankh Mitra Of Welltower Acquires Senior Housing Communities For $98 Million From Scott Stewart

The asset involved in this transaction is a senior housing community located at 4700 West Lake Avenue & 1000 Central Avenue in Glenview and Highland Park, IL. The sale was concluded for a total of $98,000,000. Welltower acquired the Arbor Terrace Highland Park and Arbor Terrace Glenview senior living communities, marking a significant move in the senior housing investment market in the Chicago area.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $98,000,000
• Buyer: Shankh Mitra - Welltower
• Seller: Scott Stewart - Capitol Seniors Housing
• Date of Transaction: 07/17/2026
• Market: Glenview & Highland Park, IL

This acquisition by Welltower comes as it reverses a recent trend of asset sales, amid rising occupancy expectations and increased demand in the healthcare and senior living sectors across the Chicago market. The transaction had key representatives involved, with Scott Stewart representing Capitol Seniors Housing and Shankh Mitra representing Welltower.