Inland Purchases Senior Living Portfolio in Arizona, Missouri, Tennessee

Inland Real Estate Acquisitions LLC, the purchasing arm for various Inland-sponsored programs including Delaware statutory trusts, has negotiated and closed the purchase of the Clarendale – a Class A senior living portfolio. It consists of three newly constructed communities:

• Clarendale of Chandler located in Chandler, Ariz.
• Clarendale of St. Peters located in St. Peters, Mo.
• Clarendale at Indian Lake located in Hendersonville, Tenn.

The communities, which total 635 independent living, assisted living and memory care units, were recently developed in a joint venture with Ryan Companies and Life Care Sciences. Life Care Sciences has managed the portfolio since inception and will continue managing all three facilities.

Inland did not disclose the purchase price.

“Our senior living investment strategy in 2024 was to find the highest quality opportunities with best-in-class operators, while aiming to expand in our existing markets,” said Matthew Tice, senior vice president of Inland Real Estate Acquisitions LLC. “These communities are a great representation of this and our plan going into 2025.”

The Clarendale senior living communities boast a number of features and amenities including swimming pools, wellness centers, full-service salons, entertainment and dining, access to outpatient services, and 24-hour security.

At closing, the portfolio held an average occupancy of 92%.

Inland Acquisitions assists in identifying potential acquisition opportunities, negotiates acquisition-related contracts, and acquires real estate assets for the various entities that are a part of The Inland Real Estate Group of Companies Inc. – one of the nation’s largest commercial real estate and finance groups.

Since inception, Inland Acquisitions has facilitated more than $55 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living, and manufactured housing communities.

In September 2024, real estate investment manager Inland Private Capital Corporation completed a $72 million capital raise for the private investment offering of Glendale BTR DST, an Inland Private Capital-sponsored DST that owns the Onyx at Westgate, purchased in February 2024 by Inland Real Estate Acquisitions for an undisclosed price.

Previously reported by The DI Wire over the summer, real estate investment manager Inland Private Capital Corporation began an alliance with University Partners to focus on managing and operating off campus purpose-built student housing opportunities located at leading, top-tier universities throughout the nation.

For more Inland Private Capital news, please visit their directory page.