 |
| Sarah Anderson |
DALLAS, TX – January 14, 2019
– Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the
development of Deerfield Senior Residences, a 240-unit, six-story,
luxury independent living community in the northern Chicago suburb of
Deerfield, Illinois.
The
HFF team worked on behalf of affiliates of Banner Senior, LLC (“Banner”), the
managing partner of a joint venture partnership that is developing the
facility, to arrange joint venture equity through Harrison Street.
Additionally, HFF worked on behalf of the new partnership to
secure a $55.6 million, four-year, floating-rate construction loan through a
national bank.
 |
| Matthew Schoenfeldt |
Deerfield Senior Residences
will be located on a 5.17-acre parcel adjacent to the Weinberg Campus for
Senior Living at Lake Cook Road adjacent to the entrance to Interstate 294,
which provides access to the northern Chicago suburbs, O’Hare International
Airport and the CBD.
The location is also within four miles of Northshore
University Health Glenbrook Hospital and Northwestern University’s Glenview
outpatient facility.
The Weinberg Campus
is managed and operated by CJE SeniorLife, an affiliate of the Jewish
Federation of Metropolitan Chicago. CJE will also manage and operate the
new Deerfield Senior Residences.
Currently, the Weinberg Campus is home to 125 assisted
living units and 40 memory care units, which are fully occupied, as well as
adult day care services serving more than 100 clients per week.
 |
| Deerfield Senior Residences, Deerfield, IL |
Due for completion
in the summer of 2020, this new, best-in-class independent living component
will complement the existing facilities and will provide a continuum of care
for seniors in the area.
The HFF capital placement team
representing the borrower included managing director Matthew Schoenfeldt
and director Sarah Anderson.
CONTACTS:
MATTHEW SCHOENFELDT
HFF Managing Director
(312) 528-3650
SARAH ANDERSON
HFF Director
(214) 265-0880
OLIVIA HENNESSEY
HFF Public Relations
Specialist
(713) 852-3403
No comments:
Post a Comment