JLL is pleased to present the exclusive opportunity to purchase and lease back the fee simple unencumbered interest in Weinberg Community for Senior Living (“Weinberg”) located in Deerfield, Illinois, an affluent suburb in the northern Chicago metro. The Weinberg facility will be leased to the investment grade rated Jewish Federation of Metropolitan Chicago with operations by their affiliate, CJE Senior Life.
Weinberg is a generational opportunity to acquire interest in the Class A seniors housing facility consisting of 164 units. The property includes 124 assisted living units and 40 memory care units in addition to a community center and adult day care services. Weinberg was initially developed in 1997 and expanded in 2013.
Investment Highlights
- Purpose-built, multi-story assisted living and memory care facility located in a strong demographic northern suburb of Chicago
- 15-year absolute net lease with annual rental rate escalations
- 164 units with a history of high occupancy providing numerous resident amenities
- Premier location along Lake Cook Road surrounded by high demographic residential communities with easy access to major roadways
- Fee simple, offered free and clear of debt
Access the Confidentiality Agreement
Contact Information
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
Jessica Wolters
Managing Director
+1 651 332 8502
jessica.wolters@am.jll.com
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
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