NEW YORK, Aug. 22, 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has placed a total of $52,560,000 in debt and equity financing for the construction of a 180-unit senior housing community in Gainesville, Florida. The transaction was initiated by Cary Tremper and Matt Miller of Greystone, on behalf of Discovery Senior Living.
Place of discovery in Celebration Pointe is an experiential seniors community in Alachua County. The community’s goal will be to create a fully personalized and immersive senior living experience that leverages technology, broader community infrastructure, and select on-site amenities to enhance resident optionality and choice. while lowering the overall price, reducing the economy of the common space. inefficiencies and minimizing exposure to the workforce – without losing a sense of community, socialization and caring.
“As our clients continue to meet the ever-changing needs and desires of our senior population today, we strive to creatively help solve their capital needs,” said Matt Miller. “Richard and his team at Discovery have always been thoughtful in their approach, offer the highest quality product in any given market, and provide top notch service and amenities.”
“We appreciate Greystone’s assistance in kick-starting the build of an exciting new product and the first community in our robust development program. Our Experiential Living community will provide our guests with a unique and unparalleled lifestyle that will propel our industry forward to more aggressively respond to the strong desire for optionality, mobility and personalization of our residents’ experiences, using the contemporary technology to offer a myriad of traditional and non-traditional services. said Richard J. Hutchinson, CEO of Discovery Senior Living.
Greystone is a national, private commercial real estate finance company with an established reputation as a leader in multifamily and healthcare financing, having been ranked among the top FHA, Fannie Mae and Freddie Mac lenders in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.