
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.
- ◦Financing