News:
Brokerage
Posted: September 4, 2018
Greystone closes $17 million sale of two memory care communities: Peregrine Senior Living at Clifton Park, Orchard Park
Clifton Park, NY According to Greystone, its Real Estate Advisors Group closed the $17 million sale of two 46-unit memory care communities in Upstate: Peregrine Senior Living at Clifton Park and Peregrine Senior Living at Orchard Park. A private equity group purchased them from a publicly-traded REIT. Peregrine Senior Living will continue to operate the communities going forward. Mike Garbers and Cody Tremper represented the seller in the transaction.
Peregrine Senior Living at Clifton Park is located on a 5.25-acre site in Clifton Park, a northern suburb of Albany. Peregrine Senior Living at Orchard Park is located on a 4.49-acre site in Orchard Park, a southern suburb of Buffalo. The communities have strong occupancy rates, with a combined occupancy of 93.9% at closing.
Tags:
Brokerage
MORE FROM Brokerage
Devli Real Estate acquires 67,000 s/f flex industrial property on Rte. 17 in Upper Saddle River
Upper Saddle River, NJ Devli Real Estate acquired 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with highway frontage. The property is positioned along
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
