CHICAGO, IL, August 31, 2016 – Cascade Capital Group, LLC a private equity firm, announces the acquisition of another skilled nursing facility in Chicago IL. Drawing upon its reputation in the region, Cascade secured an “off market” purchase of the facility which had been family owned and operated for over 30 years. Built in 1973, the 260+ bed facility provides on-site dialysis and certified dementia care.
Cascade leased the facility to its largest tenant, Legacy Healthcare, an established premier operator. Headquartered in Lincolnwood, IL, Legacy operates 27 Cascade facilities in 3 states. This acquisition joins Legacy’s robust Chicago metro area portfolio of properties providing a continuum of care. Cascade secured financing through its long-standing financial partner, The Private Bank.
CASCADE CAPITAL GROUP, LLC
Cascade Capital is a private healthcare real estate investment and management firm focused on skilled nursing, post-acute rehabilitation and transitional care facilities, as well as assisted living communities. Launched in January 2016 by the owners/operators and leadership team that built Legacy Healthcare, Cascade Capital is expanding its holdings in new markets and growing its portfolio of operators/lessees. For more information visit www.cascadellc.com.
Media Contact: Mordy Kaplan | Cascade Capital Group | 847-745-7000 | firstname.lastname@example.org