Inland Surpasses $1 Billion in Senior Living Acquisitions With Two-Community Illinois Purchase Managed by Dial Senior Living
Inland Real Estate Acquisitions, LLC has acquired two senior living communities in the Chicago suburbs for a combined approximately $161 million, crossing a historic threshold of more than $1 billion in senior living acquisitions for The Inland Real Estate Group of Companies. The transaction, announced Sept. 8, 2026, adds Deer Park Village in Deer Park, Illinois, and The Landings in Batavia, Illinois, to Inland's growing portfolio of more than 20 communities and 3,100 units across nine states.
Dial Senior Living, the Omaha, Nebraska-based operator that manages both properties, will continue to provide management services following the acquisition, further expanding its relationship with Inland.
Deal Details: Two Continuum-of-Care Communities in Suburban Chicago
Mark Cosenza, senior vice president of Inland Acquisitions, negotiated and closed the transaction on behalf of an Inland affiliate, with assistance from Brett Smith, vice president and senior counsel of The Inland Real Estate Group, LLC, Law Department.
Deer Park Village, located at 21840 West Lake Cook Road in Deer Park — an upscale suburban village approximately 35 miles northwest of downtown Chicago — was built in 2016 and comprises 188 units. The community offers a full continuum of care, with 96 independent living units, 60 assisted living units and 32 memory care units. Amenities include an indoor pool, outdoor deck, collective dining room, library, card room, fitness center, art studio, salon and barber, and wine bar. The property was 92 percent occupied at closing. Inland acquired Deer Park Village for approximately $90.3 million, or roughly $480,000 per unit, from Harrison Street Asset Management.
The Landings, located at 2450 W Fabyan Parkway in Batavia — approximately 35 miles west of downtown Chicago — was constructed in 2021 and contains 142 units: 51 independent living, 67 assisted living and 24 memory care. The approximately 200,000-square-foot community sits on about 6.7 acres and features a game room with a pub, community lounge, craft room, collective dining room, fitness center, movie theater and outdoor patio. The Landings was 95 percent occupied at closing. Inland paid approximately $70.2 million for the property — roughly $495,000 per unit, or approximately $351 per square foot — also acquired from Harrison Street. The acquisition was financed in part with approximately $47 million in mortgage debt from Customers Bank.
A Milestone for Inland's Senior Living Strategy
The two-community purchase marks a significant milestone for The Inland Real Estate Group of Companies, pushing its cumulative senior living acquisitions above $1 billion across more than 20 communities. Inland's senior living portfolio now spans Arizona, Colorado, Illinois, Kansas, Michigan, Minnesota, Missouri, New Jersey and Tennessee.
"As early post-pandemic investors in the senior living sector, we are thrilled to have acquired more than $1 billion in institutional quality assets with best-in-class operators over the past five years," said Joseph Binder, chief investment officer for The Inland Real Estate Group, LLC. "In addition to the large U.S. population cohort aging into demand for senior living, we saw stabilizing operating margins and material headwinds to new supply. We anticipate these sector fundamentals will continue to support durable long-term performance for years to come."
Mark Cosenza echoed that view, pointing to demographic trends and the breadth of services offered at both properties as key acquisition drivers. "We have accelerated our senior living acquisition strategy as the need for these communities is rapidly increasing," Cosenza said. "The aging U.S. population, regardless of health status, is expected to look for senior housing options that provide a range of services and amenities. Deer Park Village and The Landings were both attractive opportunities due to the full continuum of care each community provides."
Dial Senior Living's Expanding Role
Founded in 1999 and headquartered in Omaha, Nebraska, Dial Senior Living is a privately held, fully integrated company that invests in, develops and manages senior living communities throughout the United States. The firm offers independent living, assisted living and memory care options. Its continued management of both Deer Park Village and The Landings deepens an ongoing strategic relationship with Inland.
The high occupancy rates at both properties at the time of closing — 92 percent at Deer Park Village and 95 percent at The Landings — reflect broader sector trends, including occupancy recovery toward pre-pandemic levels, constrained new supply and compressing capitalization rates for Class-A continuum-of-care assets in high-income suburban markets.
Inland's Broader Platform
Since its inception, Inland Real Estate Acquisitions, LLC has facilitated more than $56 billion of purchases across all asset types. In recent years, the firm has concentrated its acquisition activity on senior living, student housing, multifamily, self-storage and manufactured housing communities. The Deer Park Village and The Landings transaction represents the firm's latest step in a senior housing strategy that has been building since the early post-pandemic period.
The Inland Real Estate Group of Companies was founded in 1968 and is one of the nation's largest vertically integrated commercial real estate investment, finance, development and operating groups, with nearly six decades of activity spanning acquisitions, asset management, property management and operations.
Sources
Inland Real Estate Group of Companies — Press Release, Sept. 8, 2026