Grandbridge Real Estate Capital is pleased to announce the addition of a leading seniors housing investment sales team to further expand and complement the company’s dedicated Seniors Housing and Healthcare Finance Group led by Senior Vice President Richard Thomas in Atlanta, Georgia.
Based in Tampa, Florida, the team is led by Allen McMurtry, David Kliewer and Jay Jordan. All were previously with Cushman & Wakefield. The team has exclusively represented sellers of seniors housing communities across the U.S. since 1986, spanning over 190 properties sold in 35 states. Recent sale highlights include the high-profile $100+ million sale of The Clare in Downtown Chicago in December 2019 and a newly-constructed Class-A Independent Living community sold at Certificate of Occupancy in June. In addition to representing sellers of traditional seniors housing assets, the group is the #1 investment sales team for Entrance Fee/Life Plan Communities in the country.
“We’re excited to welcome the Tampa seniors housing investment sales team to Grandbridge. Their experience with a broad spectrum of sellers, including for-profit and not-for-profit organizations, across all senior housing product types, creates such a depth of product expertise for our clients,” said Grandbridge Executive Vice President and National Production Manager John Randall. "This team will also be a great complement to our existing seniors housing and healthcare finance group.”
Grandbridge's dedicated Seniors Housing and Healthcare Finance Group offers construction, nonrecourse acquisition/bridge loans and permanent financing options to seniors housing owners nationwide. The team has nearly 60 years of combined seniors housing experience and has closed more than $8 billion in seniors housing and healthcare loans, sales and advisory transactions.
“The addition of top-tier investment sales capability to the Grandbridge platform affords our clients a full spectrum of services from inception through disposition, allowing us to serve as strategic and long-term advisors to our clients throughout their investment cycle. Our shared cultural and client-centered approach makes this an ideal and very synergistic fit," said Thomas.
“We are extremely excited and honored to join the Grandbridge team, not only for the opportunity to work alongside Richard and his team, but also for the unique value the Grandbridge platform will bring to our clients,” said McMurtry. “The synergies with Richard, Meredith, Kim, and Todd will add value for our clients not only in the scope of services offered, but also in the form of shared resources and collaboration to provide real-time data and insights from all perspectives of a transaction.”
These latest additions will also work closely with Truist's well-established on and off-balance sheet capital partners. Truist is a leader in the Entrance Fee CCRC lending environment.
About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of BB&T (now Truist), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform. The company is a Freddie Mac Optigo® lender, a Fannie Mae DUS® lender, and an approved FHA MAP and LEAN health care lender. With a current servicing portfolio of more than $38 billion, Grandbridge, an S&P strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 350 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $504 billion as of June 30, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.
