Senior Lifestyle Participates in Recapitalization of Two Communities Retaining Management

Senior Lifestyle announced it has participated with its capital partners in the recapitalization of two communities it developed and will continue to operate: North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia.

North Shore Place is a 188-unit assisted living and memory care community serving Chicago’s North Shore suburbs. The community originally opened in 2014 with 156 units and expanded in 2019 to meet market demand. The Sheridan at Eastside is a 214-unit community in the greater Atlanta suburban market. Opened in 2019, the Snellville campus includes independent living villas and apartments in addition to assisted living and memory care and is situated on a 15-acre site with a five-acre pond. The Sheridan at Eastside also offers Senior Lifestyle’s “Signature Experiences” programming.

“This transaction reflects the quality of these communities and our team’s ability to develop and operate at the highest level,” said Jon DeLuca, president and CEO of Senior Lifestyle. “It also allows us to deepen our relationships with two established institutional partners while retaining both communities within the Senior Lifestyle family.”

Senior Lifestyle’s continued operational role following the recapitalizations maintains management continuity at both properties. For owners, operators and capital partners in the multifamily and senior living sectors, transactions that combine recapitalization with retained operations demonstrate one approach to aligning institutional capital with operator expertise while preserving resident services and site-level programming.

Multifamily Leadership will continue to track how capital partnerships and operator-led recapitalizations influence asset strategy, service delivery and resident experience across the senior living segment.