A partnership of LAMB Properties, Harbert South Bay Partners and their capital partners has sold The Carrington at Lincolnwood, a 383-unit class A full-continuum senior living community in Lincolnwood, Ill., for $212.5 million. The new owners are Senior Resource Group (SRG) and Nuveen Real Estate.
The transaction represents one of the largest single-asset senior living sales nationally in 2026 and marks SRG’s entry into the Chicago market. 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. The property offers an array of amenities, including an indoor pool, movie theater, wellness gym, sports bar, game room with billiards, salon, café and bistro, libraries with computer stations, creative arts studio, worship areas, indoor garage parking and fenced-in dog park
