Senior Living News
Focus Healthcare Partners Acquires Chicago-Area Senior Living; Plans Major Renovation and Rebrand
CHICAGO, IL — Focus Healthcare Partners LLC, a Chicago-based real estate investment and asset management firm, has announced the acquisition of Lexington Square Senior Living in Elmhurst, IL. The community will be rebranded as The Roosevelt at Salt Creek and converted from an entrance-fee, buy-in model to a rental community offering independent living and assisted living.
Des Moines, IA-based Life Care Services will manage The Roosevelt at Salt Creek and help facilitate the transformation. Financing for the transaction was provided by BMO.
The Roosevelt at Salt Creek will undergo a multi-year and multi-faceted renovation to build out the community’s public areas, enhance its amenities, and broaden programming options for residents to create a modern senior living rental choice for older adults in the Chicago area.
Focus Healthcare Partners invests in senior housing and healthcare assets on behalf of institutional and private investors. Life Care Service, which has been awarded the JD Powers Customer Satisfaction Award four years in a row, provides management services to approximately 150 communities, serving over 42,000 residents.
Jim Nelson Jim Nelson is the Editor at Senior Living News, an online trade publication featuring curated news and exclusive feature stories on changes, trends, and thought leaders in the senior living industry. He has been a writer and editor for 30+ years, including several years as an editor and managing editor. Jim covers the senior living sector for SeniorLivingNews.com, distributes its e-newsletter, and moderates panel discussions for the company’s HEALTHTAC events.