Greystone Real Estate Advisors Closes Sale of Brentmoor Retirement Community in St. Louis
Greystone Real Estate Advisors closed the sale of Brentmoor Retirement Community in St. Louis, MO. The property was acquired by Titan SenQuest Management, Inc. a wholly owned subsidiary of Titan Real Estate Investment Group, Inc. on April 16, 2015 for an undisclosed price. The property was sold by the Strategic Partners Value Enhancement Fund, based in Indianapolis, IN.
The Brentmoor, converted from a multifamily property to a seniors community in the mid-1990s, comprises 72 generously-sized independent living units and 18 assisted living units. Community amenities include an exercise room, library, computer lab, beauty salon and barbershop, and lounge.
Cody Tremper, a Managing Director of Greystone Real Estate Advisors, led the sale. “The unit mix and prime location of The Brentmoor within an affluent baby boomer demographic makes it an attractive seniors housing investment for years to come,” said Tremper.
“Our vision is for Brentmoor to bring new levels of life enrichment to residents and offer a valuable resource for families and advocacy for senior housing in St. Louis,” said Doug Allen, President, Titan SenQuest.
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, memory care and assisted living facilities.