GREYSTONE ACQUISITION SUMMARY
14 operating CCRCs (4,000 resident capacity); 18 pre-opening and future management (approximately 4,000 resident capacity); no real estate
100% private pay – management and professional services fees
Transaction closed May 10, 2005
- 20+ years of experience in the non-profit sector of CCRCs
- Largest senior living consulting and management services firm in the US to non-profits
- Non-profits own approximately 75% of CCRCs
- Healthy pipeline of development opportunities
- Further expands CCRC business; entry into non-profit sector
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