An affiliate of The Inland Real Estate Group, LLC has secured $112 million in acquisition financing for a two-property senior housing portfolio in the Chicago area. JLL arranged the loan, which was provided by a regional bank, to support the purchase of communities offering independent living, assisted living and memory care services.
The portfolio totals 330 units across two recently built properties. Deer Park Village is an 188-unit senior housing community located in Deer Park that opened in 2016. The second asset, The Landings, is a 142-unit community in Batavia that was originally constructed in 2021. Both properties are described as stabilized, indicating that the communities are operating with established tenancy and operations at the time of the transaction.
JLL placed the financing on behalf of Inland through its Seniors Housing Capital Markets team. The borrower was represented by a team led by JLL Senior Director Sam Dylag, who oversaw the capital markets assignment for the acquisition. The loan proceeds are being used to facilitate Inland’s purchase of the portfolio from an undisclosed seller, expanding the firm’s presence in the senior housing sector in the greater Chicago area.
Dial Senior Living will continue to manage both Deer Park Village and The Landings following the acquisition. The continuity of management is intended to maintain operational stability at the properties while ownership transitions to the Inland affiliate. The communities together provide a range of care levels, including independent living, assisted living and memory care, serving different segments of the senior population.
In a statement accompanying the announcement, Inland Chief Investment Officer Joseph Binder noted that JLL has been a committed partner to the firm’s senior living investment strategy. He said that JLL delivered an attractive financing solution that also broadened Inland’s lending relationships “in a capital markets environment where experience and conviction matter.” Binder’s comments underscore the importance of established relationships and sector expertise in sourcing debt for senior housing transactions in the current market.
The transaction highlights ongoing lender interest from regional banks in stabilized senior housing portfolios in major metropolitan areas. By securing institutional brokerage representation and maintaining an experienced operator in place, the Inland affiliate arranged a capital structure aimed at supporting long-term ownership of the two-property portfolio while responding to current capital markets conditions.
