Continuum Advisors, a national senior housing investment sales and advisory firm, announced the sale of The Oaks at Bartlett, a 283-unit senior housing community about 35 miles northwest of downtown Chicago.

Built in 2007, the 37-acre interconnected campus offers 10 cottages, 154 independent living apartments, 49 assisted living units, 16 memory care units and 54 skilled nursing units. Continuum Advisors co-founders David Kliewer and Jay Jordan led the transaction, after running an extensive marketing campaign to identify a stalking horse bidder, followed by a court-supervised overbid process.

The community was sold through a court-supervised process with Michael F. Flanagan of Flanagan & Associates, LLC serving as the Receiver. This led to the $42 million sale of The Oaks at Bartlett to a national institutional investor.

“Under new ownership, this sale paves the way for long-term financial stability and new capital to be invested into the campus across common spaces as well as unit upgrades,” said David Kliewer.

Continuum Advisors, a national senior housing investment sales and advisory firm, facilitated the sale of Meredith Bay Colony Club, an 85-unit continuing care retirement community (CCRC) in Meredith, NH. The property was sold through a court-directed process for $11 million and the assumption of $10.5 million in resident entrance fee liabilities.

Financially strained for several years, the community was sold with OnePoint Partners serving as the rehabilitation trustee and Continuum Advisors’ David Kliewer and Jay Jordan retained to market the CCRC for sale. The buyer, Taylor Community, is a nonprofit owner and operator also based in New Hampshire’s Lakes Region.

Built in 2008, the 11-acre campus offers a full continuum of care for residents with 41 independent living apartments, 20 assisted living units, 24 memory care units and an additional 18+ acres of undeveloped land for future expansion. The campus features numerous amenities, including an underground parking garage, indoor pool and fitness center.