Greystone Closes Financing for Senior Housing Complex in the Southeast
Greystone placed financing for a 193-unit senior housing complex in Atlanta, GA. The refinance for the southeast region community was handled by Greystone’s Senior Housing Capital Markets Team, including Matthew Miller, on behalf of Harbert Seniors Housing Fund I, L.P.
The financing, closed with a large regional bank, provides a 3-year term. The property, managed by an experienced regional operator, includes independent living, assisted living, and memory care units across two construction phases, the second of which was completed in late 2020. This community, with a range of independent unit configurations including bungalows and cottages, offers a heated pool, walking gardens, fitness center, salon & spa, library, theater, club room and full-service dining, and is situated in close proximity to shopping and dining.
“It’s been a pleasure working alongside Harbert on their portfolio growth for quality senior housing assets, and this property is certainly a crown jewel,” said Cary Tremper, head of Greystone’s Senior Housing Capital Markets Team. “We’re thrilled to have been able to place financing for this property as it gains momentum in its market.”
”Greystone is a fully comprehensive capital solutions provider to us, and it’s clear they know both the senior housing market well, and the capital markets,” said Brian Landrum, Senior Managing Director for Harbert Management Corporation. “Their dedication to providing the most efficient and successful outcome is why they remain a close advisor for us as we continue to expand.”