Greystone Launches Seniors Housing Investment Sales and Advisory Group
- Jul 21, 2014
New York—Greystone, a national provider of multifamily and healthcare mortgage loans, announced it has launched a seniors housing real estate sales and investment advisory group through the acquisition of the ARA National Seniors Housing Group from ARA National Seniors Housing Group Ltd. The acquisition is specific to the ARA National Seniors Housing Group—none of the other ARA offices or groups were included in the transaction.
The new entity, Greystone Real Estate Advisors Inc. will be led by Mike Garbers and Cody Tremper, who bring to Greystone more than 20 years of combined experience in the seniors housing industry. Working together with Scott Kavel and Cary Tremper, managing directors who lead Greystone’s seniors housing finance group, the Greystone Real Estate Advisors team will provide a range of services related to sales and acquisitions of seniors housing property types.
Mike Garbers and Cody Tremper were instrumental in the disposition of more than $450 million in seniors housing properties across the country over the past two years during their tenure together at ARA Real Estate Investment Services. Through the talents of Garbers, Tremper and the seniors housing finance team, Greystone Real Estate Advisors will bring a full continuum of services including debt, equity, acquisition, and investment sales to funds, private equity groups, regional and national operators, not-for-profit owners and healthcare REITs.
Mike Garbers has been involved in the acquisition, development or disposition of more than $1.9 billion in seniors housing properties over the course of his career. Prior to ARA, he was with Cushman & Wakefield where he specialized in seniors housing investment sales and, before that, he was a senior vice president with Herbert J. Sims where he originated joint venture partnerships with seniors housing operators throughout the U.S. Garbers was responsible for deal structuring and negotiations, underwriting, site analysis and asset management. He has also held positions with CNL Financial Group Inc. including vice president of acquisitions, where he acquired seniors housing properties through the issuance of private placement memorandums and sale/leaseback investments.
Involved in the seniors housing industry since 2006, Cody Tremper is focused on transactions involving seniors housing and long-term care properties. Tremper has been involved in the construction finance, acquisition finance, and disposition of more than $800 million in seniors housing assets. Prior to his tenure with ARA, Cody was a vice president in the Healthcare Real Estate Lending Group at Guaranty Bank and also served at BBVA Compass where he originated new construction, acquisition, and mini-perm financing for large institutional clients with facilities nationwide, as well as privately-owned regional clients.