Greystone Real Estate Advisors Closes $34.5 Million Sale of Tulsa, OK, Senior Living Community
December 6, 2017
Greystone Real Estate Advisors provided advisory services to Triad Senior Living, Inc. in its $34.5 million sale of Country Club of Woodland Hills, a 200-unit independent living and residential care community in Tulsa, Oklahoma. National Health Investors purchased the community from Triad on December 1, 2017 and Discovery Senior Living will take over community operations. Justin Ridnour of Greystone represented and advised Triad in the transaction.
Built in 1986, the building totals 222,171 square feet and is situated on 13.96 acres. Of the community’s 200 units, 50 are independent living cottage units. The property is well-established in the local community and has historically maintained high occupancy, averaging 95% over the past five years.
“Justin Ridnour and the rest of the Greystone team did an outstanding job on this significant and complex transaction,” said Blake Vail, President, Triad Senior Living, Inc. “Their experience in identifying the right buyer and assisting us through the process was invaluable.”
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.