Assisted Living
NEF's $160MM assisted living portfolio includes more than 30 projects that offer some 2500 housing units to people with special needs. Approximately $17MM of equity closed last year, making 2007 NEF's most productive year since 2002, when NEF invested more than $20MM in assisted living deals. NEF's 2007 deals include two in Illinois--DeKalb Supportive Living Facility (Sponsor: Blair Minton & Associates) and The Manor at Salem Woods (GMS II, LLC); and two in Massachusetts--VNA Senior Living Community (Visiting Nurses Association) and Christopher House of Marlborough (Christopher House Assisted Living, Inc.).
Barton Senior Residences of Zion
The $19.4 million Barton Senior Residences of Zion
is the new construction of 130 units of assisted
living housing for seniors, including 123 efficiencies
and seven one-bedrooms. 
Eighty-one units target
seniors at 60 percent of AMI another 26 units are for
those at 40 percent of AMI and 13 units are for
those residents at 30 percent of AMI. Tenants are
provided three meals a day, housekeeping,
scheduled transportation, 24-hour security, activity
programs, social services, and other assistance with
activities of daily living as needed.
Project amenities include a library, a wellness
center, a beauty shop, a chapel and a main lounge
with an adjacent media/game room. There is an
enclosed courtyard that can be accessed from the
dining/activity room on the main floor.
Additional Information
The Affordable Assisted Living Coalition (AALC) is a
not-for-profit membership organization made up of individuals and entities that develop and/or operate affordable assisted living projects (Supportive Living Facilities or SLF's)
and their business partners that have an interest or involvement in Illinois' Supportive Living Program (SLP).
Get more information.
The American Association for Homes and Service for the Aged (AAHSA) helps millions of individuals through their 5,700 member organizations, which offer the continuum of aging services: adult day services, home health, senior housing, assisted living residences, nursing homes, and more. AAHSA's commitment is to create the future of aging services through quality people can trust. Get more information.
