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Greystone Real Estate Advisors Closes Sale of Seniors Housing Portfolio in Georgia

NEW YORK, July 29, 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 seniors housing communities in the Atlanta metropolitan region of Georgia for $10,800,000.

The 90-unit portfolio, sold by Pacifica Companies and purchased by a publicly-traded REIT, includes Dunwoody Senior Living, a 58-unit assisted living / memory care facility in Dunwoody, GA, and Roswell Senior Living, a 32-unit memory care facility in Roswell, GA. Both communities offer generously-sized units in affluent and in-demand submarkets of Atlanta, GA.

Mike Garbers, a Managing Director of Greystone Real Estate Advisors, led the sale. "With such strong locations for both communities, and in combination with their new and renovated units and amenities, this portfolio of assisted living and memory care properties garnered multiple offers from a variety of interested buyers," 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.

About Greystone

Greystone is a real estate lending, investment and advisory company headquartered in New York. Its Real Estate Advisors team 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 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. For more information, visit www.greyco.com.

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

Source: Greystone