Autumn Leaves Come Early

Over the next three years, The LaSalle Group plans to add 24 to 36 new Autumn Leaves Memory Care Assisted Living communities across the US, says newly hired COO Joe Jasmon (here giving his family a hand). His new role was created to implement that growth strategy, he tells us. The firm, which has 35 Autumn Leaves properties open or under construction, is particularly sweet on the Chicago suburbs. Often the “big boys” aren’t comfortable going into secondary markets (monsters under the bed, etc.), he says, so the idea is to be first or second going into a market and set the bar high.

Locally, the firm’s working on two new facilities (most have about 46 to 50 units) in Glen Ellyn and Arlington Heights, with projects brewing in Gurnee (closing in May) and on the North Shore, regional director of development Matt Krummick (above) tell us. It's also in the process of proposing a multi-story assisted living residence within the Wheeling TIF district near the new Wheeling Town Center, Matt adds. When looking for a site, LaSalle needs about two and a half to three acres in a high-traffic area, a convenient location for families of residents Joe says. Other cities on its short list: Milwaukee, Houston, San Antonio, and Austin. (Florida, Atlanta, and South Carolina are on the radar, too.) When Joe’s not working, he draws and paints to preserve his sanity, he tells us.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Welltower Stock Slumps Despite $21B Buying Spree, Soaring Income

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

REITs' Share Of Senior Housing Deals Has Doubled. Will Development Follow?