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Chicago & Midwest  + North Side  + Healthcare  |  August 29, 2023
Jasmine Kilman
By: Jasmine Kilman

Ziegler Advises Sale of Bethesda Rehab & Senior Care in Chicago

Ziegler, a specialty investment bank, served as the exclusive sell-side financial advisor in the sale of the Bethesda Rehab & Senior Care, a 135-bed skilled nursing facility located in Chicago, Illinois.

The four-story skilled nursing facility is located on a nearly two-acre parcel situated at 2833 N. Nordica Avenue. A well-known multi-generation Midwest owner and operator with control of several thousand beds purchased the property and partnered with Pearl Healthcare which took over operations of the center. Pearl Healthcare operates more than 10 facilities in the Chicagoland area. The transaction marks another sale of a not-for-profit to a for-profit.

“I was fortunate to work alongside the Bethesda team as they exhibited unwavering perseverance and determination through numerous obstacles and difficult market conditions,” said Nick Glaisner, Managing Director in Ziegler’s Senior Housing & Care Finance Practice. Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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