Autumn Leaves of Barrington – Sold

Senior Housing

Investment Highlights

Investment Summary

This project is the development of a 46-bed Alzheimer’s facility located near the northeast corner of Higgins and Bartlett Roads in South Barrington, IL. South Barrington is known throughout the area for its extreme affluence, and is on the list of the 100 wealthiest towns in the nation. South Barrington boasts a median income of $176,271, and a median home price of $834,776. The average annual daily traffic count, according to the Illinois Department of Transportation, is 28,900 along Higgins Road near the site and 5,800 on Bartlett Road (north of the site). The Arboretum of South Barrington is a new lifestyle center offering shopping, entertainment, and restaurants. The Autumn Leaves location will be next to this upscale lifestyle center, and just west of the site are many different retail stores, restaurants, and activities. There is a good mix of commercial and residential uses along Lily Cache Lane. Nearby there are some big box retail stores, Allstate Corporate Campus, and Cabela’s. St. Alexis Medical Center is just 2 miles southeast of the site, and just north of this site are single family homes, and east is undeveloped land. Located in the southern region is unincorporated Cook County land with an auto store currently but the area has a strong interest on annexing this property and promoting new development.

This development project began in December of 2012 and was completed in 2014. Autumn Leaves of South Barrington was Silverado’s thirteenth memory care investment. It was developed in a highly favorable supply/demand market: the market was underserved by more than a three to one ratio and provided for an excellent investment opportunity.