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Greystone Real Estate Advisors Closes Five-Property Senior Living Portfolio

NEW YORK, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Greystone Real Estate Advisors announced it closed the sale of a five-property senior living portfolio in September 2018. The properties, which include independent living, assisted living, and memory care units, are located in New Mexico and Washington state. Chevalier International Holdings Limited, a publicly listed company based in Hong Kong, purchased the portfolio from a publicly-traded REIT. Companies within the Avamere family of companies will lease the properties from Chevalier. Mike Garbers and Cody Tremper of Greystone Real Estate Advisors represented the seller in the transaction.

The five properties comprise a total of 570 units and were built or renovated between 1989 and 2003, and represent part of a larger portfolio, for which the sale of 4 properties closed in July 2018. An additional property in the portfolio is anticipated to close for sale in November 2018.

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.

About Greystone Real Estate Advisors, Inc.
Greystone Real Estate Advisors, Inc. provides services in sales and acquisitions of seniors housing property types including independent living, assisted living, memory care and skilled nursing, as well as affordable and multifamily properties. The team offers a full spectrum of advisory services including debt, acquisition, and investment sales to funds, private equity groups, regional and national operators, not-for-profit owners and healthcare REITs. For more information, visit www.greycoadvisors.com.

About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge, mezzanine, and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.

About Chevalier International Holdings Limited
Founded in 1970, Chevalier International Holdings Limited (CIHL) is listed on the Stock Exchange of Hong Kong. It has developed into a diversified global conglomerate with a presence in Australia, Canada, Hong Kong, Japan, Macau, Mainland China, Singapore, Thailand, US and Vietnam.  Chevalier is a seasoned expert in the industry that can provide one-stop service for any kind of construction and engineering projects. Its business portfolio includes Construction and Engineering, Property Investment, Property Development and Operations, Healthcare Investment and Car Dealership. For more information, visit www.chevalier.com.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@Greyco.com

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