$212M Sale, Financing Arranged by JLL for Seniors Housing in Lincolnwood

JLL has arranged the $212.5 million sale and financing of The Carrington at Lincolnwood, a 383-unit full-continuum senior living community in Lincolnwood, Illinois.

JLL’s National Seniors Housing Capital Markets team represented the seller, a partnership of LAMB Properties, Harbert South Bay Partners, and its capital partners in the sale of the asset to Senior Resource Group (SRG) and Nuveen Real Estate. JLL also worked on behalf of the buyer to arrange the five-year acquisition loan through a national bank.

The transaction represents one of the largest single-asset senior living sales nationally in 2026 and marks SRG’s entry into the Chicago market. SRG will assume management responsibilities from Momentum Senior Living.

Built in 2018, The Carrington at Lincolnwood features two interconnected four-story buildings with 251 independent living units, 88 assisted living units and 44 secured memory care units. The Carrington at Lincolnwood is located at 3501 Northeast Parkway in Lincolnwood, just 10 miles north of downtown Chicago.

Join us for the Connect Midwest Multifamily conference on the afternoon of Tuesday, June 8, 2027, at Joe’s Live in Rosemont, Illinois.