Greystone Real Estate Advisors closed on the sale of the 162-unit age-restricted community, Aspens at Wade Park.
FRISCO, TX—The Aspens at Wade Park's age-restricted asset type fits a unique niche within the market and provides an affordable alternative to full-service independent living while maintaining class-A quality and amenities. Greystone Real Estate Advisors recently closed on the sale of the 162-unit age-restricted community.
Aspens Senior Living sold the property to a joint venture between The Carlyle Group and Greystar. Cody Tremper and Mike Garbers of Greystone represented the seller in the transaction.
Built in 2017, the property sits on a 5.4-acre site with picturesque landscaping, a resort-style pool and spa, private balconies/patios, detached garages and controlled-access gates. Community amenities include a fitness center, movie theater, salon/barber shop, library, bistro and outdoor barbecue area.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
