Chicago Pacific Founders Acquires 100-Unit Community in Central New York

LIVERPOOL, N.Y. — Chicago Pacific Founders (CPF) has acquired Parkrose Estates, a 100-unit independent living community in the Syracuse suburb of Liverpool, for an undisclosed price.

CPF made the purchase along with its subsidiaries, Grace Management and CPF Living Communities. Grace Management will take over operations at the community.

KeyBank Real Estate Capital provided a $14.4 million Fannie Mae to CPF in conjunction with the sale. Charlie Shoop arranged the fixed-rate loan with four years of interest-only payments.

Ben Firestone, Jacob Gehl, Michael Segal and Steve Thomes of Blueprint Healthcare Real Estate Advisors arranged the sale.

CPF plans to make improvements to the campus, but further details were not disclosed.

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