LINCOLNWOOD, ILL. — JLL Capital Markets has arranged the $212.5 million sale and financing of The Carrington at Lincolnwood, a 383-unit senior living community in Lincolnwood. JLL’s national seniors housing capital markets team represented the seller, a partnership of LAMB Properties, Harbert South Bay Partners and its capital partners. Senior Resource Group (SRG) and Nuveen Real Estate purchased the property. JLL arranged a five-year acquisition loan through a national bank on behalf of the buyers.
The transaction represents one of the largest single-asset senior living sales nationally in 2026 and marks SRG’s entry into the Chicago market, according to JLL. SRG will assume management responsibilities from Momentum Senior Living.
Built in 2018, The Carrington at Lincolnwood features two interconnected four-story buildings with 251 independent living units, 88 assisted living units and 44 secured memory care units. Amenities include an indoor pool, movie theater, wellness gym, sports bar, game room with billiards, a salon, café and bistro, libraries with computer stations, a creative arts studio, worship areas, indoor garage parking and a dog park.