Chicago Pacific Founders sells 20 communities valued at $725 million to Ventas

Chicago Pacific Founders sells 20 communities valued at $725 million to Ventas 
McKnights Senior Living; by Kathleen Steele Gaivin; 11/1/24 
Chicago Pacific Founders sold 20 senior living communities to real estate investment trust Ventas this week, the healthcare investment firm announced Thursday [10/31]. The properties are valued at $725 million, “representing one of the most significant senior housing portfolio sales in the United States for 2024,” according to CPF. “Senior living is a core investment strategy and one we continue to grow by purchasing and establishing new institutional-quality communities, and this sale demonstrates the strength and attractiveness of this asset class,” CPF founder and Managing Partner Mary Tolan said. The 20-property portfolio includes independent living, assisted living and memory care communities located in what CPF called “strategic markets known for strong and growing demand for senior living.”