Seniors Housing N Illinois
Richard Lynn;Bellwether Enterprise Real Estate Capital

Bellwether Enterprise appoints SVP to lead new seniors housing group

Bellwether Enterprise Real Estate Capital LLC, has hired Richard “Rick” Lynn as senior vice president to lead its new seniors housing group in the Chicago office. Lynn will bring 30 years of experience in commercial real estate finance and investment banking as he oversees the origination and placing of commercial real estate loans for senior housing properties and contributes to the firm’s established expertise in senior housing transactions.

Seniors Housing N Illinois
Skender breaks ground on independent senior living facility in Crystal Lake

Skender breaks ground on independent senior living facility in Crystal Lake

Skender, serving as base building and interior construction manager, has broken ground on Residences of Crystal Lake, a Turnstone Development-owned senior living facility located in Crystal Lake, Illinois. Turnstone Development, a not-for-profit 501(c)(3), has developed over 1,680 affordable housing units for low-income families and seniors in Illinois and Florida since 1998.

Seniors Housing N Illinois
The 101-unit South Chicago Elderly Housing facility at 3039 E. 91st Street in Chicago.

POAH acquires Chicago-area YMCA senior housing properties

Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and currently owned by YMCA Foundation entities. POAH will continue providing affordable rental housing to seniors at all 461 apartments, which were previously managed by the YMCA of Metropolitan Chicago. As the new owner, POAH will honor existing leases for current residents in all six buildings.

Seniors Housing N Illinois
Co-located library/affordable senior housing project opens in West Ridge

Co-located library/affordable senior housing project opens in West Ridge

Evergreen Real Estate Group recently celebrated the grand opening of the Northtown Branch Library, located at 6800 N. Western Avenue in Chicago’s West Ridge neighborhood. Designed by Perkins+Will, the project is one of two co-located housing and library developments Evergreen has built in partnership with the city of Chicago, Chicago Housing Authority and Chicago Public Library.

Seniors Housing v Wisconsin
Evergreen Real Estate wraps $2 million renovation of Wisconsin seniors housing

Evergreen Real Estate wraps $2 million renovation of Wisconsin seniors housing

Evergreen Real Estate Group has completed a $2 million renovation of Durand Plaza, a 72-unit affordable senior housing community in Racine, Wisconsin. Evergreen, which acquired the property in October 2017 and has managed it since, also secured a 20-year extension of the property’s Section 8 Housing Assistance Payments contract in conjunction with the renovation.