Greystone placed $18.8 million in financing for a 136-unit independent living community in Warren, Michigan. The transaction was handled by Greystone’s Seniors Housing Capital Markets Team, including Tyler Armstrong and Matt Miller, on behalf of AEW Capital Management and REDICO, a national real estate development and investment firm.
The financing, closed with a large regional bank, provides a three-year term. The property, managed by American House Senior Living Communities includes studio, one-bedroom and two-bedroom apartments.
The community features a full physical and occupational therapy gym, billiards and poker room, movie theatre, bistro, indoor atrium and many other amenities. Residents enjoy salon and barber shop services, chef-prepared meals, life enrichment and wellness programming and more.
