Greystone Places $116M Financing for Cook County Senior Housing
Greystone placed a total of $116,000,000 in bank financing to refinance the Carrington at Lincolnwood, a 383-unit senior housing property in Lincolnwood, IL. The transaction was originated by Cary Tremper and Matt Miller of Greystone on behalf of SBLP Senior Living Fund I.
The Carrington at Lincolnwood is a continuum of care facility in Cook County that offers 251 independent living, 88 assisted living and 44 memory care units. The Class A+ property opened in April 2018, and includes studio, one- and two-bedroom units.
Amenities at the pet-friendly property include private dining, two libraries, game room, exercise room, indoor pool, activity room, sports bar, salon, and terraces and outdoor patios, courtyards and walking paths.
“We are passionate about senior housing and were thrilled to work with sponsors that are dedicated to communities that can offer a superior quality of life and care to this demographic,” said Miller.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).