CHICAGO, IL – Senior Lifestyle, a number one proprietor, operator and developer of senior dwelling communities nationwide, introduced that it has participated with its capital companions within the current recapitalization of North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia. Both communities have been developed by Senior Lifestyle and proceed to be operated by the corporate following the transaction.
“This transaction reflects the quality of these communities and our team’s ability to develop and operate at the highest level,” mentioned Jon DeLuca, president and CEO of Senior Lifestyle. “It also allows us to deepen our relationships with two established institutional partners while retaining both communities within the Senior Lifestyle family.”
North Shore Place is a 188-unit assisted dwelling and reminiscence care neighborhood situated in Northbrook, Illinois. Originally opened in 2014 with 156 items, the neighborhood expanded in 2019 to satisfy sturdy market demand. Elegantly designed and totally amenitized, North Shore Place is widely known for the prime quality of care it supplies to its residents and their households as a premier senior dwelling possibility in Chicago’s North Shore suburbs.
The Sheridan at Eastside is a 214-unit senior dwelling neighborhood situated in Snellville, Georgia, a well-established suburban market throughout the better Atlanta space. Opened in 2019, the neighborhood affords unbiased dwelling villas and residences, together with assisted dwelling and reminiscence care. Situated on a 15-acre campus surrounding a picturesque five-acre pond, The Sheridan at Eastside helps a broad vary of resident wants with Senior Lifestyle’s “Signature Experiences” programming.