A high-end senior housing facility in Chicago has sold for double its 2012 purchase price, the latest sign that investors are increasingly eager to own properties catering to wealthy retirees.
The deal for the Chicago property shows that investors believe some segments of senior housing still look like a good bet. Many are wagering they can outperform the industry with amenity-rich downtown facilities that can charge more than $20,000 a month.
“The deal for the Chicago property shows that investors believe some segments of senior housing still look like a good bet. ”
Yeah, I read this, looks like two out of town investor groups needed to ‘make a deal’, for better or worse, to keep things flowing. Overpaying for senior housing in downtown Chicago seems like a terrible idea. I’m sure they ‘know’ better than the rest of us, right? Hahaha
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
“The deal for the Chicago property shows that investors believe some segments of senior housing still look like a good bet. ”
Yeah, I read this, looks like two out of town investor groups needed to ‘make a deal’, for better or worse, to keep things flowing. Overpaying for senior housing in downtown Chicago seems like a terrible idea. I’m sure they ‘know’ better than the rest of us, right? Hahaha