PEF Advisors acquires Carroll Tower senior housing property in St. Charles, Illinois
XLRE•Property condition and capital plan
The capital plan targets deferred maintenance, property upgrades, and restoring resident services.
The asset was 98.1% occupied at closing.
Acquisition of Carroll Tower in St. Charles
PEF Advisors acquired Carroll Tower, a 108-unit affordable senior housing property in St. Charles, Illinois.
The deal closed in July 2026, marking the firm’s third acquisition in the Chicago metro area.
Transaction terms and affordability extension
The transaction was restructured during escrow to secure a mark-up-to-market on the Section 8 contract, extending affordability by 20 years.
