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Highlights
Preservation Equity Fund Advisors, based in Irvine, California, purchased Carroll Tower for $23.5 million from the Lincolnwood-based 3 Diamond Development Group.
National Healthcare Properties, a New York-based firm, acquired The River Glen of St. Charles from the Chicago-based Citrine Investment Group for $40 million.
The transactions demonstrate sustained out-of-state investment interest in the region's senior living sector, with local sellers capitalizing on the market's activity.