Standard Communities Leads Public-Private Partnership to Acquire and Preserve Affordability of Two Senior Living Communities in Chicago 

Standard Communities announced its public-private partnership acquiring two senior 100 percent affordable communities totaling 466 units in Chicago and its suburbs. The transaction extends and preserves their affordability for 30 years. Standard acquired the 145-unit Commonwealth Apartments located at 2757 N Pine Grove Avenue in Chicago’s Lincoln Park neighborhood, and the 321-unit Greenleaf Apartments at 502 Kildeer Drive, Bolingbrook.