Greystone Real Estate Advisors Closes $6.3M Sale of Texas Skilled Nursing Facility

World News: . []

NEW YORK, April 16, 2018 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory firm, announced its Real Estate Advisors team closed the sale of Nazareth Living Care Center. Chicago-based Mozart Healthcare, LLC purchased the property from Nazareth Hall, a Texas non-profit corporation, for $6,300,000. Mike Garbers and Cody Tremper of Greystone represented the seller, orchestrating a successful outcome in a complex transaction.

Nazareth is a skilled nursing facility in El Paso, Texas comprising 124 licensed beds. Located on a 3.39-acre site, the community consists of two buildings: one operational building constructed in 2013 with 74 skilled nursing beds and one 50-unit, unused building with 50 inactive licensed beds. Paramount Healthcare is the current operator of the community.

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.

More news and information about Greystone

Published By:

Globe Newswire: 14:55 GMT Monday 16th April 2018

Published: .

Search for other references to "greystone" on SPi News

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
Privacy Policy | Terms and Conditions | Contact Us

Advertising on SPi News: Information For Advertisers