Greystone Real Estate Advisors Closes $22 Million Sale Of Fort Worth, TX Age-restricted Seniors Housing Community
January 27, 2016
Greystone announced its Real Estate Advisors group has closed the sale of MirAvanti at Ridgmar in Fort Worth, TX, for $22 million. The Carlyle Group with Greystar purchased the seniors housing property.
MirAvanti at Ridgmar is a newly constructed 101-unit age-restricted independent living community in an affluent submarket of Fort Worth, TX. The units are some of the largest in the area averaging 1,436 square feet. The 10-acre property features a variety of upscale amenities including a resort-style swimming pool; hot tub and cabana; fitness center; lounge and bar; a library; game room; and fully-equipped workshop.
“Carlyle and Greystar handled the transaction in a very effective and professional manner,” said Cody Tremper, a Managing Director of Greystone Real Estate Advisors, who led the sale. “Their flexibility in deal structuring, combined with an efficient due diligence process, allowed for a quick closing of the transaction.”
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, memory care and assisted living facilities.