Inland Real Estate Acquisitions has negotiated and closed the purchase of the Clarendale class A senior living portfolio.
It was completed the transaction on behalf of an Inland affiliate.
The Clarendale senior living portfolio consists of three newly constructed communities: Clarendale of Chandler located in Chandler, Ariz.; Clarendale of St. Peters located in St. Peters, Mo.; and Clarendale at Indian Lake located in Hendersonville, Tenn.
The communities, which total 635 independent living, assisted living and memory care units, were recently developed in a joint venture with Ryan Cos. and Life Care Sciences (LCS). LCS has managed the portfolio since inception and will continue managing all three facilities.
“Our senior living investment strategy in 2024 was to find the highest quality opportunities with best-in-class operators, while aiming to expand in our existing markets,” commented Matthew Tice, senior vice president of Inland Acquisitions. “T
