FRA's national senior housing brokerage team presents:
Class-A, New Development - Equity Investment Opportunity
Chicago-based senior housing developer Grandbrier Senior Living is seeking joint venture or preferred equity to capitalize 90% of the required equity investment for Grandbrier of Bloomingdale, which will be a luxurious, state of the art, 102 unit Assisted Living and Memory Care community located in Bloomingdale, an affluent suburb located 25 miles west of Chicago. Grandbrier principals own and manage over 2,500 senior apartments and 5,000 multifamily units, and have partnered with Frontier Management as their operating partner. Frontier manages over 6,000 units including 4 communities in Illinois. The community will be developed on a 4.5 acre tract currently under contract and fully permitted, located on West Lake Street, one of only a handful of remaining tracts of land developable in the Village of Bloomingdale, which has direct access to Highway I-355. The Bloomingdale market was selected due to strong demographics with high household incomes (Avg. $104,351), an aging population, and a high unmet demand for senior care.