trending Market Intelligence /marketintelligence/en/news-insights/trending/Mzq36MzxUxL3ixlhXxu4Yw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Fundamental Advisors sells Chicago seniors housing community

Commercial Real Estate: 2020 Review

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Fundamental Advisors sells Chicago seniors housing community

Fundamental Advisors LP sold the Clare at Rush and Pearson seniors housing community in Chicago to LCS for an undisclosed sum.

Fundamental Advisors, in partnership with seniors housing experts at Senior Care Development LLC, and LCS bought the asset in a bankruptcy court auction in 2012.

The transaction values the property at approximately $105 million, The Wall Street Journal reported, citing people with knowledge of the matter. According to the report, an investment group led by Fundamental Advisors bought the 334-unit complex in 2012 for $53.5 million and lifted occupancy to roughly 100% after spending about $20 million on upgrades.