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Cushman & Wakefield Senior Housing Capital Markets (C&W) is pleased to exclusively present the CHICAGO SUBURBAN ACTIVE ADULT community ("Property", "Community"), a 150-unit market-rate concrete constructed active adult property located in the highly coveted Chicago Illinois metropolitan area.  The Property benefits from 90%+ occupancy, exceptional historical rent growth and significant performance upside opportunities.  The Community is located in the midst of abundant seniors and adult-children populations, nearby extensive amenities and convenience to downtown Chicago.

The CHICAGO SUBURBAN ACTIVE ADULT community is offered free and clear of debt and management encumbrances.

Strong Occupancy Momentum and Significant Upside:

  • 90%+ occupancy
  • Strong in-place NOI and upside through closing the loss-to-lease gap

Strong In-Place Rent Growth:

  • 41.9% rent growth per occupied unit since 2015
  • 6.6% year-over-year average rent growth

Robust Demographic Tailwinds:

  • 35,026 seniors aged 65+ within 5 miles and expected to grow by 23% within 5 years
  • 14,051 adult children (age 45-64, $100k household income) within 5 miles

IL Conversion Opportunity:

  • Significant (50%+) discount to comparable IL rents
  • 60%+ Return on Investment (est.)
Chicago Suburban Senior Apartment Community
150 Units
Suburban Chicago, IL
Type: Senior
Posted: 9/25/2019