What types of senior housing does Haven transact in Illinois?+
Haven works across all Illinois senior housing asset types licensed as Assisted Living Establishment (ALE) / Supportive Living Facility by Illinois Department of Public Health (IDPH). We handle single assets, small portfolios, and multi-facility transactions across all major Illinois markets.
Does Haven list off-market Illinois properties?+
Yes. A significant portion of Haven's Illinois deal flow is off-market — sourced through our operator relationships and advisor network. Registered buyers get early access before public listing. Sign up for our free monthly listing alerts to hear about new opportunities as they become available.
What is the licensing process for senior housing in Illinois?+
Illinois licenses Assisted Living Establishments (ALEs) through IDPH. The COO process includes an application, background checks, and a facility survey. Haven coordinates all IDPH requirements and manages the transition timeline to protect occupancy through close. Illinois Department of Public Health (IDPH) change-of-ownership processing typically takes 75–105 days after a complete application.
What cap rates should I expect in Illinois?+
Illinois ALE assets typically trade at 7–9% cap rates. Suburban Chicago premium communities (DuPage, Lake counties) compress to 6–7.5%; Springfield, Rockford, and downstate value-add assets trade at 8.5–10.5%. Haven provides free preliminary valuations.
How long does a Illinois senior housing transaction take?+
Illinois Department of Public Health (IDPH) change-of-ownership processing typically takes 75–105 days after a complete application. Most senior housing sales close in 90–150 days from engagement. The full change-of-ownership process, from application to new license, typically takes 90–180 days, so it starts early in the sale.
Can Haven help with financing for a Illinois acquisition?+
Yes. Haven's Capital Solutions team provides lender introductions for Illinois senior housing acquisitions — including bridge financing, conventional commercial loans, and HUD-insured loans for qualified larger facilities. We prepare lender-ready financial packages that account for Illinois's specific regulatory and market context.
