Greystone Real Estate Advisors Closes $33 Million

NEW YORK, Jan. 04, 2017 (GLOBE NEWSWIRE) -- Greystone Real Estate Advisors announced it closed the $33,000,000 sale of Brookdale Hendersonville in Hendersonville, NC and Brookdale Skylyn in Spartanburg, SC. A private equity group purchased the seniors housing properties from Brookdale Senior Living, Inc., on December 15. Mike Garbers and Cody Tremper of Greystone represented the seller in the transaction.

Brookdale Hendersonville, located in a southern suburb of Asheville, North Carolina, is an independent living and memory care community that consists of independent living cottages, an independent living clubhouse, an administrative office building, and a separate memory care building. Built in 1985 and 1993, the community sits on a total of 21.36 acres of land.

Brookdale Skylyn, located between Greenville, South Carolina and Charlotte, North Carolina, is an independent living, assisted living, memory care, and skilled nursing community. The property consists of two senior living buildings and one skilled nursing building. Built in 1986, the community sits on 17.61 acres of land.

The Greystone Real Estate Advisors team leverages its extensive experience in providing expertise on the disposition or acquisition of seniors housing, including age-restricted communities, independent living, assisted living, memory care, and skilled nursing facilities.

About Greystone Real Estate Advisors, Inc. Greystone Real Estate Advisors, Inc. provides services in sales and acquisitions of seniors housing property types including independent living, assisted living, memory care and skilled nursing as well as affordable and multifamily properties. The team offers a full spectrum of advisory services including debt, equity, acquisition, and investment sales to funds, private equity groups, regional and national operators, not-for-profit owners and healthcare REITs.

About Greystone Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as the #1 FHA lender and a top Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com .

PRESS CONTACT: Karen Marotta Greystone 212-896-9149 Karen.Marotta@Greyco.com