Greystone Closes on Two Senior Deals

FOLSOM, CA—Greystone Real Estate Advisors, a real estate lending, investment and advisory company, has closed the sale of two properties owned by Oakmont Senior Living.  Oakmont of Folsom in Folsom, CA and Oakmont of San Antonio Heights in Upland, CA were recently sold to Health Care REIT Inc. The sale price of the portfolio was not disclosed. Both properties provide excellent access to healthcare options, shopping and dining outlets, and are the newest communities in each primary market area.

Mike Garbers, a managing director of Greystone Real Estate Advisors, who led the sale on behalf of Oakmont, tells GlobeSt.com: “Sellers are taking advantage of the low interest rate environment, in addition to the excess capital in the marketplace, to fund the acquisitions.”