Citrine affiliate buys Lexington Square senior living community in Lombard

By AI, Created 4:44 PM UTC, May 18, 2026, /AGP/ – Citrine Investment Group said May 11, 2026, that an affiliate acquired Lexington Square, a 273-unit senior living community in Lombard, Illinois. The firm plans a full renovation and expanded care services as it pushes its senior housing portfolio past $100 million in total investments.

Why it matters: - The acquisition adds a distressed senior housing asset to Citrine Investment Group’s growing portfolio. - The planned renovation and repositioning aim to improve occupancy, stabilize income and expand higher-acuity care offerings. - The deal lifts Citrine’s total investments above $100 million, a milestone for the firm’s expansion in senior housing.

What happened: - Citrine Investment Group announced the acquisition of Lexington Square in Lombard, Illinois, on May 11, 2026. - Lexington Square is a six-story, 273-unit entrance fee senior living community in a Chicago suburb. - Citrine selected Certus Living to oversee day-to-day operations at the community.

The details: - Lexington Square will undergo a comprehensive renovation plan. - The community will be repositioned to better match current market demand and support a more stable income model. - The unit mix will be optimized during the renovation process. - All current services will remain in place. - Assisted living and memory care offerings will be expanded. - Citrine said the property is a distressed senior living asset that can be transformed into a premier senior community. - Certus Living is a senior housing management company with experience repositioning similar assets across the region. - Citrine Investment Group focuses on undercapitalized, distressed and transitional senior housing assets across the U.S. - The firm invests across independent living, assisted living, memory care and continuing care retirement communities. - Citrine’s website is Citrineima.com.

Between the lines: - The deal reflects continued investor interest in repositioning older senior housing properties rather than building entirely new communities. - Expanding assisted living and memory care suggests Citrine is targeting services with stronger demand and potentially higher revenue potential. - The management change signals an operating reset alongside the physical renovation.

What’s next: - Citrine will move ahead with the renovation and unit-mix changes at Lexington Square. - Certus Living will run daily operations as the community is repositioned. - The firm will likely use the project as another example of its senior housing strategy as it continues expanding.

The bottom line: - Citrine is betting that an overhaul of Lexington Square can turn a distressed asset into a stronger senior living investment and a more competitive community for residents.