Greystone, a real estate lending, investment and advisory company, announced its Real Estate Advisors group 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.”

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.