JLL Capital Markets led the sale and financing efforts for The Carrington at Lincolnwood in the Chicago MSA, representing one of the largest single-asset senior living sales in 2026
Key Takeaways
- JLL Capital Markets arranged the $212.5 million sale and financing of The Carrington at Lincolnwood, a 383-unit Class A independent living, assisted living and memory care community
- Senior Resource Group (“SRG”) and the TIAA Real Estate Account (“REA”), which is managed by TIAA and supported by Nuveen Real Estate acquired the asset from a partnership of LAMB Properties and Harbert South Bay Partners
- The 2018-vintage property spans 251 independent living units, 88 assisted living units, and 44 memory care units
- Transaction marks SRG’s first acquisition and management entry in the Chicago market
CHICAGO, Nov. 9, 2026 – JLL Capital Markets announced today that it has arranged the $212.5 million sale and financing of The Carrington at Lincolnwood, a 383-unit Class A full-continuum senior living community in Lincolnwood, Illinois.
JLL’s National Seniors Housing Capital Markets team represented the seller, a partnership of LAMB Properties, Harbert South Bay Partners, and its capital partners in the sale of the asset to Senior Resource Group (SRG) and Nuveen Real Estate. JLL also worked on behalf of the buyer to arrange the five-year acquisition loan through a national bank.
The transaction represents one of the largest single-asset senior living sales nationally in 2026 and marks Senior Resource Group’s entry into the Chicago market, representing a strategic expansion for one of the nation’s leading senior living operators. SRG will assume management responsibilities from Momentum Senior Living.
Built in 2018, The Carrington at Lincolnwood features two interconnected four-story buildings with 251 independent living units, 88 assisted living units and 44 secured memory care units. The property offers an array of amenities, including an indoor pool, movie theater, wellness gym, sports bar, game room with billiards, salon, café and bistro, libraries with computer stations, creative arts studio, worship areas, indoor garage parking and fenced-in dog park.
The Carrington at Lincolnwood is located at 3501 Northeast Parkway in Lincolnwood, a premier suburban community just 10 miles north of downtown Chicago. The property is positioned adjacent to Lincolnwood Town Center, a 31-acre mixed-use site that is slated for redevelopment, and is close to Northwestern University, one of the nation’s leading private research universities driving sustained demand from faculty, staff and adult children of seniors within the trade area. The surrounding area has a dense 75+ demographic, which is expected to grow by over 17% in the next five years.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
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About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Lamb Properties
LAMB Properties, LLC (“LAMB”) is a real estate investment and development vehicle for the Bluhm family in Chicago. Since 2015, LAMB has been involved with approximately $1.5 billion of ground-up development across various asset classes including BTR, multifamily, senior living, office, and hotel.
About Harbert South Bay Partners
Harbert South Bay specializes in the development of Class A, luxury seniors housing properties in top-rated markets. Focusing on independent living, assisted living and memory care, its strategy delivers high-quality communities designed to meet the evolving needs of seniors in premier locations.
About Senior Resource Group
SRG Senior Living is a nationally recognized, award-winning developer and operator of luxury senior living communities throughout the United States. For more information, please visit: www.srgseniorliving.com.
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