Ryan and Life Care Services, An LCS® Company, Open Clarendale® of Algonquin

Ryan Companies US, Inc. has  completed construction of Clarendale® of Algonquin, a hospitality-inspired, $40-million, 186-residence  senior living community in Algonquin, Illinois. Clarendale of Algonquin is the third open or under construction Clarendale® senior living community from developer-builder Ryan Companies and its project partners Life Care Services, An LCS® Company, and Harrison Street Real Estate Capital. 
    
To celebrate the opening of the community, an open house and ribbon cutting ceremony for those involved with the project was held on Sept. 28 at Clarendale of Algonquin, 2001 W. Algonquin Rd.  Development team members and Clarendale staff welcomed Village officials and other guests to the event.

“It is exciting to once again deliver a new high-quality senior living community that will provide local seniors a great place to live with  every opportunity to maintain an active and engaged lifestyle,” says David Erickson, Director of Development, Ryan Companies. “That is our ultimate goal, and we are committed to create communities that embrace a connection to community and the full continuum of care.” 

Clarendale of Algonquin is home to 76 independent living residences, 56 assisted living and 54 memory care suites, with a variety of floor plans based on the type of care. Independent living residences include one-bedroom, one-bedroom plus den and two-bedroom units and ranging from approximately 720 square feet to 1,285 square feet. Assisted and memory care living suites include studio, and one- and two-bedroom apartments and range in approximate size from 310 square feet to 835 square feet. 

The community is being managed by Life Care Services of Des Moines, Iowa. The Midwest-based senior living expert has brought uniquely customized senior living lifestyles to over 33,000 residents across the United States in over 130 communities. Founded in 1971, Life Care Services is the third largest manager of senior living properties in the country.  

“We are committed to bringing the residents of Clarendale of Algonquin our special brand of service and satisfaction,” says Peter Muhlbach, Senior Vice President/Director of Operations Management, Life Care Services. “By delivering high-quality service, we know living at Clarendale will be a wonderful experience at each juncture, including those who will benefit from our memory care program, Heartfelt Connections™.”

The concepts behind the Clarendale brand represent a blending of hospitality-based services and communities that offer seniors convenience, camaraderie, security and connectedness. With that in mind, Clarendale provides comfortable living units, an extensive array of interior and exterior amenities and opportunities to be connected, comfortable and secure in familiar territory.

Clarendale of Algonquin is the second of the Clarendale®-branded projects to open in the Chicago area. Clarendale® of Mokena is a 156-residence community that opened last September. Clarendale® of Schererville, Indiana, a $40-million, 177-residence community, is scheduled to open next spring. Ryan and LCS recently announced a fourth project, Clarendale® of Hendersonville, a 184-residence community outside of Nashville, TN. 

Two new amenities are featured at Clarendale of Algonquin:  a movie theater room for regular movie nights, and a crafts room. The abundant list of social amenities also includes a bistro, a pub and billiards room, a club room and library, living rooms with fireplaces, garage parking, a vaulted multipurpose room, a wellness center with a full-service salon, a fitness room, and a private patio and courtyard. 

Housekeeping, maintenance, transportation and a restaurant-style private dining area with chef’s specialties are some of the convenient services being offered. Covered and surface parking for 157 automobiles is available.

Rents at Clarendale of Algonquin are based upon the size and location of the residence. More information about Clarendale of Algonquin is available by calling 847-458-6800 or by going online to www.ClarendaleOfAlgonquin.com.

Overall, Ryan Companies is serving or has served as developer, owner, designer and/or builder on numerous multi-family housing projects across the United States. These projects account for more than 6,000 units which have been placed into service or are under construction. Included in that figure are more than 3,000 units in market-rate and affordable senior living projects underway or completed in the past ten years alone. Ryan’s senior living projects have included:  age-in-place communities with independent living, assisted living and memory care options; large-scale hospitality-oriented communities and affordable senior rental.

About Ryan Companies US, Inc.
Ryan Companies US, Inc. is a 3rd generation, family-owned national developer, designer, capital investment consultant, builder and real estate manager specializing in fully integrated solutions for over 75 years. Key market sectors include: retailers, industrial, healthcare, senior living, and corporate build-to-suit; and product experience includes work on office, retail, mixed use, hospitality, multi-housing, industrial, medical office building, senior living, distribution center, public sector, and mission critical facilities.  Ryan serves customers throughout the United States with offices in the North, Midwest, Great Lakes, Southeast, South Central, Southwest and West regions. Ryan was named the 2007 National Developer of the Year by NAIOP, the Commercial Real Estate Development Association.  For more information, visit www.ryancompanies.com.

About Life Care Services™
Life Care Services, An LCS® Company, established in 1971 and based in Des Moines, Iowa, is the nation’s leading manager of full-service senior living communities. Life Care Services currently provides operations management, and marketing and sales management for not-for-profit and for-profit continuing care retirement communities (CCRCs), stand-alone assisted living, memory care, and rental communities nationwide. For more information, visit www.lifecareservicesLCS.com. 

About Harrison Street Real Estate Capital LLC
Harrison Street Real Estate Capital LLC ("Harrison Street") is one of the leading real estate investment management firms that offers innovative investment products across both private and public real estate segments. The firm has created a series of differentiated investment products across multiple risk/return platforms. Our 80+ person team is headquartered in Chicago, Illinois. Currently the firm and its affiliates manage approximately $10.9 billion in assets on behalf of some of the world’s largest institutional investors.