Bob Faith Of Greystar Acquires 250-Unit Senior Housing Community In Katy From Gavin Beekman

The property involved in this transaction is a senior housing asset located at 22777 Franz Road in Katy, Texas. The community, known as Everleigh Katy, encompasses 250 units and spans 12 acres, contributing to the active adult (55+) housing sector. The property was constructed in 2009 and has seen significant occupancy rates, reflecting market demand within the region.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $26.4 million
• Buyer: Bob Faith - Greystar
• Seller: Gavin Beekman - Pensam Capital
• Lender: Freddie Mac
• Mortgage Broker: CBRE
• Units: 250
• Acres: 12
• Market: Katy, TX

Bob Faith represents Greystar in this acquisition while Gavin Beekman represents Pensam Capital in the sale. The transaction was facilitated with a $26.4 million loan originated by CBRE Capital Markets through Freddie Mac, highlighting the financial backing and strategic partnerships involved in this deal.