TWO PREMIER ASSISTED LIVING FACILITIES FOR SALE WITH HILCO REAL ESTATE SALES

NORTHBROOK, Ill., April 10, 2025 /PRNewswire/ -- Hilco Real Estate, LLC announces June 12, 2025, as the bid deadline for two well-established assisted living facilities: The Courte at Citrus Heights in Citrus Heights, California and The Landing on Dundee in Wheeling, Illinois.

Located just 17 miles from downtown Sacramento, The Courte at Citrus Heights is a modern 27,768± SF, 48-unit memory care facility with a strong 87% occupancy rate. Built in 2016 and zoned RD2, Restricted Density Multiple Dwelling, this thoughtfully designed property prioritizes comfort, independence and accessibility for residents. The Courte incorporates research-approved memory care programs rooted in the research of Maria Montessori and Dr. Cameron Camp, enhancing cognitive function and resident engagement.

As part of the Sacramento metropolitan area, Citrus Heights benefits from the region's robust healthcare network. Healthcare and social assistance account for 13.7% of Sacramento's workforce, supporting long-term demand for specialized care. Additionally, The Courte at Citrus Heights is ideally located near leading medical providers, including the California Medical Center, just one block away; UC Davis Medical Group; Mercy San Juan Medical Center; and the 4-star Medicare facility, Citrus Heights Post Acute. With its access to neighboring medical facilities, well-established reputation and high occupancy rates, the Courte represents a high-value asset with considerable potential for efficient use and strong revenue growth, making it an exceptional opportunity for investors aiming to expand their portfolio in northern California.

The second offering is a five-story, 86,789± SF assisted living and memory care facility in Wheeling, Illinois, The Landing on Dundee. The modern community, built in 2019 in a northern suburb of Chicago, features diverse floor plans across 100 units to accommodate the various needs of its residents. To create an apartment-style living experience, this property includes 27 private studios, six semi-private studios, eight studios, 54 one-bedroom units and five two-bedroom apartments. Residents also enjoy the numerous luxury amenities such as a spa, salon, bar, lounge, coffee shop and fitness center, along with 24/7 medication staff and in-house physical, occupational, speech and pharmacy services. With 80% occupancy and MXT, Mixed-Use Transitional District, zoning, this comprehensive medical care site offers investors and operators flexibility to enhance its potential and possibly incorporate additional retail or commercial services, creating opportunities to develop an all-inclusive senior living community with expanded amenities and conveniences.

Wheeling, like Citrus Heights, has a strong healthcare and social assistance sector, making it the second-largest employment industry in the village. The suburb provides access to a skilled workforce and convenient access to major hospitals in the area, including NorthShore Medical Center, Endeavor Health and Advocate. Wheeling also benefits from being located across two Illinois counties – Cook and Lake. In Cook County, 16.6% of the 5.1 million residents, or nearly 850,000 people, are aged 64 or older, while in Lake County, this demographic makes up 16.5% of the estimated 718,000 residents, totaling approximately 118,000 individuals.

With strong occupancy rates, healthy operations and proximity to top healthcare providers, The Courte at Citrus Heights and The Landing on Dundee present compelling investment opportunities in assisted living and memory care. Each community is being sold individually and offers a turnkey solution with modern amenities, efficient management and growing demand for senior care in their respective regions.

Daniel Miggins, vice president at Hilco Real Estate Sales, stated, "Acquiring a turnkey investment in the assisted living sector offers immediate operational cash flow, reduced startup risk and an established resident base. With senior housing demand consistently rising, investors have an opportunity to enter a high-growth industry with long-term stability."

Steve Madura, senior vice president of Hilco Real Estate Sales, added, "The Courte at Citrus Heights and The Landing on Dundee are fully operational communities with skilled staff and proven management systems, ensuring a seamless transition for new ownership. With demographic trends proving the demand for senior housing, these properties represent rare opportunities for investors looking to expand their portfolio."

These properties are being sold individually. Bids must be received on or before the deadline of June 12, 2025, at 5:00 p.m. (CT) and must be submitted on the Letter of Intent (LOI) available for review and download from Hilco Real Estate's website.

Interested buyers should review the terms of sale for requirements to participate in the sale process available on Hilco Real Estate's website. For further information, please contact Stephen Madura at (847) 504-2478 or [email protected], Daniel Miggins at (646) 984-4580 or [email protected] and Michael Kneifel at (847) 201-2322 or [email protected].

For further information on the property, sale process and terms or to obtain access to due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.

About Hilco Real Estate Sales
Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company (HilcoGlobal.com), we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments.

The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.

SOURCE Hilco Real Estate