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Greystone Real Estate Advisors Closes $22 Million Sale of Fort Worth, TX Age-Restricted Seniors Housing Community

NEW YORK, Jan. 27, 2016 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced its Real Estate Advisors group has closed the sale of MirAvanti at Ridgmar in Fort Worth, TX, for $22 million. The Carlyle Group with Greystar purchased the seniors housing property.

MirAvanti at Ridgmar is a newly constructed 101-unit age-restricted independent living community in an affluent submarket of Fort Worth, TX. The units are some of the largest in the area averaging 1,436 square feet. The 10-acre property features a variety of upscale amenities including a resort-style swimming pool; hot tub and cabana; fitness center; lounge and bar; a library; game room; and fully-equipped workshop.

“Carlyle and Greystar handled the transaction in a very effective and professional manner,” said Cody Tremper, a Managing Director of Greystone Real Estate Advisors, who led the sale. “Their flexibility in deal structuring, combined with an efficient due diligence process, allowed for a quick closing of the transaction.”

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 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 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, consistently ranking as a top FHA and Fannie Mae lender in these sectors. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, please visit www.greyco.com.

PRESS CONTACT: Aziree Pemberton Greystone 212-896-9150 APemberton@Greyco.com

Source: Greystone