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Chicago & Midwest  + Greater Chicagoland  + Senior Housing  | 

Seniors Operator Adds Prospect Heights Facility

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, has bought out its joint venture partner in Grandbrier of Prospect Heights in the northwest suburb of Prospect Heights, IL. Deal terms were not disclosed. The 101-unit property will be rebranded in October as Aspired Living of Prospect Heights.

The property, which Pathway to Living has managed since its May 2017 opening, includes a three-story, 69-unit independent and assisted living community, as well as a connecting single-story, 32-unit memory care neighborhood.

“Pathway is intimately familiar with the design and operations of Aspired Living of Prospect Heights because we’ve been involved with it from the very beginning, fostering connections with the residents who call this community home,” said COO Maria Oliva. The Prospect Heights facility is one of 17 the company operates in Illinois; it also has facilities in Michigan, Minnesota and Wisconsin.

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About Paul Bubny

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 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).

  • ◦Sale/Acquisition