Greystone Real Estate Advisors Closes Sale of 211-Unit Bedford, OH Seniors Housing Community
June 14, 2016
Greystone Real Estate Advisors group announced it closed the sale of Woodside Village in Bedford, OH, for $6.5 million, on June 1. Pritok Capital purchased the seniors housing property from a public healthcare REIT, and MB Financial served as lender on the transaction. Greystone represented the seller in the transaction.
Woodside Village, built in 1988, is a 211-unit assisted living and memory care community that sits on 20 acres in the Cleveland, OH area. The facility is 164,920 square feet with an arts & crafts center, beauty and barber shop, billiard lounge, general store and library. The property boasts some of the largest units in the region, a majority of which include a patio or balcony.
“Mike Garbers of Greystone Real Estate Advisors was instrumental in every aspect of this transaction and helped facilitate a smooth and timely closing,” said Dan Feinstein, SVP of Pritok Capital. “I also compliment Joel Gordon and the team at MB Financial for their professionalism, reliability, and expeditiousness in execution.”