The 53-story Clare tower on Chicago’s Magnificent Mile has sold for $105 million, a sign that luxury senior living facilities hold huge upside in today’s market. Fundamental Advisors LP sold the luxury seniors-only tower for twice what the private equity firm paid for the 334-unit tower in 2012, according to the Wall Street Journal. The sale is a good sign for investors backing luxury senior living projects. The wider senior living sector has been held
source https://therealdeal.com/2020/01/04/the-luxury-senior-living-sector-is-booming/
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