Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of Clarendale of Mokena, a 156-unit senior living community in Mokena, Illinois, a southwest suburb of Chicago. Matthew Tice, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate. The community was acquired from a joint venture between LCS and Nuveen Real Estate.

Located at 21536 Wolf Road, Clarendale of Mokena is comprised of 60 independent living, 56 assisted living and 40 memory care units. The community also features a variety of social and lifestyle amenities including a first floor bistro, an open-air pub, beautiful indoor gathering spaces, a dining room with fireplace, landscaped grounds and outdoor patio, a fitness studio, theater room and a full-service salon and spa. Clarendale of Mokena is conveniently located one mile from Northwestern Medical Center, Riverside Healthcare and Silver Cross Outpatient Center, and provides residents with the opportunity to partake in wellness/educative programs, enriching health activities, and various therapy programs.

“Our senior living investment strategy centers on acquiring the highest quality opportunities with best-in-class operators,” commented Tice. “The Clarendale of Mokena is a great representation of this with its high quality resident amenities, continuum of care and top-tier management.”

Clarendale of Mokena was 94 percent occupied as of closing.

LCS Community Operations will continue to provide management services for the community and its residents, further expanding its strategic relationship with Inland. As a pioneer in the senior living industry since 1971, LCS’ dedication has earned a #1 rank in Customer Satisfaction among Independent Senior Living Communities for 7 years in a row, according to JD Power.

Since inception, Inland Acquisitions has facilitated more than $56 billion of purchases across all asset types, with a more recent focus on senior living, student housing, multifamily, self-storage 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.