Greystone’s Second Portfolio Transaction Of The Month

Mike Garbers and Cody Tremper of Greystone Real Estate Advisors followed up on their two-property sale in upstate New York (which sold to a private equity firm for $17 million, or $184,800 per unit) by also arranging the sale of four senior living communities in Nebraska and Oregon on behalf of a publicly-traded REIT owner. […]

Greystone Soars in Upstate New York Sale

A publicly traded REIT divested two of its seniors housing assets in upstate New York, hiring Mike Garbers and Cody Tremper of Greystone Real Estate Advisors to facilitate the transaction. Located in the towns of Clifton Park (Albany MSA) and Orchard Park (Buffalo MSA), the communities each feature 46 memory care units on roughly five […]

Greystone Goes To Canada

Greystone Real Estate Advisors closed back-to-back portfolio sales in Canada. Mike Garbers and Cody Tremper, together with TD Securities, represented the seller of 10 senior living communities located throughout the greater Toronto and Ottawa areas. The 10 communities had 1,245 units, of which 1,045 were independent supportive living and 200 were assisted living. All but […]

Greystone Rocks Georgia Deal

The Greystone Real Estate Advisors team of Mike Garbers and Cody Tremper recently represented a REIT owner in its sale of a 57-unit assisted living community in Marietta, Georgia. The community was considered to be a value-add opportunity for the new owner, a joint venture between an institutional investor and Surpass Senior Living. Built in […]

Mozart Healthcare’s Texas Portfolio Swells to Four

Genesis Healthcare may be exiting Texas right now, but Chicago-based Mozart Healthcare doubled down in the Lone Star State, acquiring a 124-bed skilled nursing facility in El Paso to complement its three existing SNFs (located in Winnsboro, Kennedale and San Augustine) in the state. The new addition is the company’s first in West Texas, and […]

Greystone Arranges Tulsa Transaction

National Health Investors announced a one-off acquisition of a 200-unit independent/assisted living community in Tulsa, Oklahoma, paying $34.6 million, or $173,000 per unit. Originally built in 1987 by a local real estate developer, the community was previously owned and operated by Triad Senior Living, which manages over 1,000 senior living units across Oklahoma, Illinois and […]

Greystone Heads North

Greystone Real Estate Advisors headed north of the border for its latest transaction, where along with TD Securities, they represented an owner in its sale of five retirement communities in the Edmonton, Alberta area to Canadian REIT Chartwell Retirement Residences. With a weighted average age of six years, the portfolio consists of four existing communities […]