Healthcap Partners enlisted the help of Cody Tremper and Mike Garbers of Greystone Real Estate Advisors to sell their 60-unit/72-bed assisted living/memory care community in Forney, Texas (Dallas MSA). Cornerstone Senior Living was the buyer, adding their eighth community in 18 months at a price of $12.5 million, or $208,333 per unit. The community was recently built in 2013 and sits on a 13-acre lot with room to expand. This shouldn’t be the last we hear of the partnership between Greystone and private equity firm Healthcap Partners, as Greystone will also list Healthcap’s second senior living asset in north Houston.
Greystone Gets It Done for Healthcap Partners
