Greystone Real Estate Advisors Close Sale on Oakmont Senior Living Portfolio

NEW YORK, March 25, 2015 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced its Real Estate Advisors group has closed the sale of two properties owned by Oakmont Senior Living.

Oakmont of San Antonio Heights in Upland, CA and Oakmont of Folsom in Folsom, CA were sold to Health Care REIT, Inc. on February 27, 2015.

Oakmont of San Antonio Heights is a newly constructed Class A+ assisted living and memory care community in the Riverside-San Bernardino metropolitan area comprising 79 units. Oakmont of San Antonio Heights offers abundant common space, high-end finishes, and upscale amenities including a bistro, billiards room, movie theater, pet park and on-site physician's office. The units feature luxury finishes including crown molding, full kitchens in one- and two-bedroom units, and kitchenettes in studios.

Oakmont of Folsom is a brand new Class A+ assisted living and memory care community in the Sacramento metropolitan area comprising 66 units. The property contains indoor and outdoor restaurant-style dining, bistro, library, movie theater, fitness center and salon and day spa. With five different assisted living floor plans, Oakmont of Folsom also offers three different memory care floor plans.

Both properties provide excellent access to healthcare options, shopping and dining outlets, and residential areas, and are the newest communities in their respective primary market areas.

Mike Garbers, a Managing Director of Greystone Real Estate Advisors, led the sale on behalf of Oakmont. "These beautiful, new Class A+ properties will make a wonderful addition to any seniors housing portfolio," said Garbers.

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, memory care and assisted living facilities. The group is currently working to close the sale of several properties in the age-restricted category.

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. The team offers a full continuum of 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 financial services and private investment group whose original core business is real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business including real estate investments and real estate advisory services. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Healthcare and Real Estate. Greystone's mission is to apply unparalleled creativity while modeling corporate compassion. For more information about Greystone, visit http://www.greyco.com.

CONTACT: PRESS CONTACT: Karen Marotta Director of Communications, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone