Cushman & Wakefield arranges sale of Illinois CCRC
Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of Wyndemere to ROC Seniors Housing. The continuing care retirement community is located in Wheaton, IL.
ROC Seniors Housing is a private equity real estate manager that entered into a new joint venture with LCS upon acquisition. Life Care Services, the management arm of LCS, will continue to manage the community.
Wyndemere offers independent living, 65 assisted living units and 130 skilled nursing units.
C&W also arranged the first mortgage non-recourse acquisition financing with Bank of America. Financing terms included a three-year term.