On Wednesday, June 21, a Chicago-based real estate investment and asset management firm known as Focus Healthcare Partners LLC announced its acquisition of Lexington Square Senior Living in Elmhurst. The senior living community will be rebranded as The Roosevelt at Salt Creek and converted from an entrance-fee buy-in model to a rental community offering independent living and assisted living. Life Care Services, the nation’s third-largest senior living provider, will manage the community and help facilitate the transformation.
The rental model at The Roosevelt at Salt Creek has no entry or buy-in fees, nor a commitment of retirement assets as with some senior living communities. The cost of an apartment, dining options, all activities, fitness, and other services are included in the monthly lease.
The transformation will include building out common areas with a new design and broadening programming options for residents to create a state-of-the-art senior living rental option for older adults in the Elmhurst area. The Roosevelt at Salt Creek plans to offer many enhanced amenities, including an indoor pool, cinema, art studio, game room and sports lounge, among other areas that enhance resident participation, engagement and socialization.
About Life Care Service
Life Care Service (LCS), based in Des Moines, Iowa, provides management services to approximately 150 communities, serving more than 42,000 residents and currently manages 10 communities in Illinois.
