Wyndemere is a joint-venture of The Westminster Funds® and Life Care Services LLC of Des Moines, Iowa, the largest private owner/operator of Life Plan Communities (LPCs) in the U.S. LCS is recognized as the leader in retirement planning, development and management, having completed more than 100 projects in its 40-year history. Located in Wheaton, IL, this 238 independent living unit LPC was acquired fully operational with 85% occupancy. The joint-venture improved management of the community and completed major renovations including the addition of a new dining venue and an exercise facility. At disposition the occupancy at the property was 96%. The property also has additional land available for expansion.
Size: 238 Independent Living Units on 25 Acres
Built: ILUs – 1993, ALUs – 1997, and Health Center 1969
Purchased: March, 2010
Realized: March, 2015
Ownership: Westminster Wyndemere LLC, owned in joint-venture with Life Care Services, 85% Westminster Funds CCRC I (60%) and CCRC II (40%) and 15% LCS