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Highlights
Blue Moon Capital Partners sold North Shore Place, an assisted living and memory care complex in Northbrook, to StepStone Group for $144 million.
The sale price reflected a 32 percent increase from Blue Moon's 2017 purchase price of $109 million for the 156-unit, fully-occupied property.
The high valuation is attributed to the strength of top-tier properties in the senior housing market, which is seeing rising occupancy due to limited new construction and high demand from the baby boomer demographic