- Cushman & Wakefield Senior Housing Capital Markets has advised the parties in a joint venture between Westminster Capital and LCS in the sale of Wyndermere, a 432-unit continuing care retirement community (CCRC) in the affluent Chicago suburb of Wheaton, Ill. The buyer of the stabilized entrance fee community was ROC Seniors Housing, a private equity real estate manager, entering into a new joint venture with LCS on its acquisition. The 432-unit CCRC features 237 independent living units, 65 assisted living units, and 130 skilled nursing units on a 25.4-acre campus. Cushman & Wakefield executed the first mortgage non-recourse acquisition financing with Bank of America, under a 3-year term.
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