Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of the Clarendale (“the Portfolio”), a Class-A senior living portfolio. Matthew Tice, senior vice president of Inland Acquisitions, with assistance from David Neboyskey, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate.
The Clarendale senior living portfolio consists of three newly constructed communities:
- Clarendale of Chandler located in Chandler, Arizona
- Clarendale of St. Peters located in St. Peters, Missouri
- Clarendale at Indian Lake located in Hendersonville, Tennessee
The communities, which total 635 independent living, assisted living and memory care units, were recently developed in a joint venture with Ryan Companies and Life Care Sciences (“LCS”). LCS has managed the Portfolio since inception and will continue managing all three facilities.
“Our senior living investment strategy in 2024 was to find the highest quality opportunities with best-in-class operators, while aiming to expand in our existing markets,” commented Matthew Tice. “These communities are a great representation of this and our plan going into 2025.”
The Clarendale senior living communities boast a number of features and amenities including swimming pools, wellness centers, full-service salons, entertainment and dining, access to outpatient services and 24-hour security.
At closing, the Portfolio held an average occupancy of 92%.
Since inception, Inland Acquisitions has facilitated more than $55 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living and manufactured housing communities.
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About Inland Real Estate Acquisitions, LLC
Inland Real Estate Acquisitions, LLC assists in identifying potential acquisition opportunities, negotiates acquisition-related contracts and acquires real estate assets for the various entities that are a part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.
