Berkadia Announces Senior Living Closing in Northwestern Chicago
Long Grove, Illinois – August 14, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of a 138-unit assisted living and memory care community located in Chicago’s affluent Long Grove submarket. Built in 2018, the community is among the newest in the area and benefits from a highly visible location near major transportation routes and retail amenities.
Senior Managing Directors Cody Tremper, Mike Garbers, Ross Sanders, and Dave Fasano of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of an Orlando-based private equity company.
The community was purchased by JDI Realty, a Chicago-based private equity real estate firm. Evolve Senior Living will operate the community moving forward on behalf of the new owner.
The property is positioned to benefit from favorable senior demographic growth, strong resident affordability and limited competitive supply. With no new senior housing projects under construction or in lease-up nearby, the property offers meaningful opportunity to build on recent leasing momentum and enhance performance through strategic operational improvements.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending, and Capital Markets Advisory Services.