Greystone has launched a seniors housing real estate sales and investment advisory group through the acquisition of ARA National Seniors Housing Group.

The deal is restricted to the seniors housing group, and none of the other ARA units were included in the transaction.

The new entity, Greystone Real Estate Advisors, will be led by Mike Garbers and Cody Tremper, who bring to Greystone more than 20 years of combined experience in the seniors housing industry. Working with Scott Kavel and Cary Tremper, managing directors of Greystone's seniors housing finance group, the new team will provide a range of services related to sales and acquisitions of seniors housing property types.

The group will work on both market-rate and age-restricted affordable housing, according to Greystone.