St. Charles, IL – Cushman & Wakefield announced today that the real estate services firm served as the exclusive advisor to Bridge Investment Group to arrange the sale of River Glen of St. Charles, a senior housing asset located in Chicagoland suburb of St. Charles, Illinois. The final sale price was $20,000,000. Citrine Senior Communities, a joint venture between affiliates of Citrine Investment Group and Jaybird Capital, acquired the community. Jaybird Senior Living will manage the community.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Tim Hosmer and Jack Griffin arranged the transaction.
“River Glen is an exceptional performer with a long history of great care,” said Wagner. “We are proud to be part of such a significant property to the St. Charles community.”
River Glen of St. Charles is a 106-unit independent living, assisted living and memory care community with excellent performance and a well-earned reputation for exceptional care. The historically fully leased asset is comprised of high-end independent living townhomes as well as a central assisted living and memory care mansion-style building, featuring plentiful amenities, including a fitness center, aviary, library and more. The community is an important cultural landmark in the area, with a portion of River Glen of St. Charles occupying the 1939-vintage Delnor Hospital. Today the original hospital building has been combined into a modern well-amenitized campus.
Cushman & Wakefield Arranged $20M Sale of Historic Senior Housing Community in Western Chicago Suburb
Jayden Lapin-Tatman • 2/27/2023
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.