NEW YORK, Dec. 06, 2017 (GLOBE NEWSWIRE) — Greystone Real Estate Advisors provided advisory services to Triad Senior Living, Inc. in its $34.5 million sale of Country Club of Woodland Hills, a 200-unit independent living and residential care community in Tulsa, Oklahoma. National Health Investors purchased the community from Triad on December 1, 2017 and Discovery Senior Living will take over community operations. Justin Ridnour of Greystone represented and advised Triad in the transaction.
Built in 1986, the building totals 222,171 square feet and is situated on 13.96 acres. Of the community’s 200 units, 50 are independent living cottage units. The property is well-established in the local community and has historically maintained high occupancy, averaging 95% over the past five years.
“Justin Ridnour and the rest of the Greystone team did an outstanding job on this significant and complex transaction,” said Blake Vail, President, Triad Senior Living, Inc. “Their experience in identifying the right buyer and assisting us through the process was invaluable.”
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 and equity sourcing, acquisition and disposition consulting to national operators, not-for-profit owners and healthcare REITs.
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 a top FHA and 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.