Continuum Advisors arranged the sale of The Oaks at Bartlett, a premier 283-unit senior housing community about 35 miles northwest of downtown Chicago in Bartlett, Illinois.
Built in 2007, the 37-acre interconnected campus offers residents a full continuum of care with 10 cottages, 154 independent living apartments, 49 assisted living units, 16 memory care units and 54 skilled nursing units (60 beds).
Sold through a Receivership, Continuum Advisors led an extensive marketing process, securing a stalking horse bidder and facilitating a court-supervised bid process. This led to the $42 million sale of The Oaks at Bartlett to a national institutional investor. Under new ownership, the sale will provide long-term financial stability and enable capital investments for campus-wide upgrades, including improvements to common spaces and resident units.
