SunTrust Banks, Inc. (NYSE: STI) announced today it served as senior debt lender of a $29.7 million deal to support the construction of a new skilled nursing and rehabilitation facility built by Greystone Healthcare Management Corp. The 101,811 square-foot development will sit on 9.76 acres across from Florida Hospital Apopka.
The 180-bed facility will cater to residents’ personalized needs and feature state-of-the-art rehabilitation gyms, fine dining venues and bistros. Construction began in April 2019 and is expected to be complete by early 2021.
“As a premier operator, the Greystone Health Network has created a trusted reputation with residents and their families throughout Florida,” said Randall Loggins, senior vice president with SunTrust’s Senior Living and Aging Services practice. “We are proud to partner with Greystone as they continue to expand and offer solutions in a growing market.”
Established in 2001, Greystone Healthcare Management is a leading owner-operator of skilled nursing and home health agencies in Florida. Currently operating 28 facilities, Greystone is dedicated to providing reliable healthcare services, while being a valued partner in the communities they serve.
SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2019, SunTrust had total assets of $220 billion and total deposits of $162 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.
About Greystone Healthcare Management Corp. (DBA Greystone Health Network)
Greystone Healthcare Management Corp., headquartered in Tampa, Fl, manages a healthcare network comprised of 28 skilled nursing and assisted living communities, outpatient rehabilitation, home health and private duty agencies. With locations across Florida, Greystone is committed to providing only the highest quality customer service and patient care.
