Sentosa Care and Greystone have partnered to develop a 178,854-square-foot, 280-bed skilled nursing facility in Long Island, N.Y. The five-story property will be called the Woodmere Rehabilitation and Healthcare Facility.
Greystone will serve as development manager and financier on the approximately $85 million project.
Sentosa, which owns the land, is contributing about $21.7 million in equity while Greystone is seeking a $63.3 million construction loan on behalf of the sponsor.
Read the source article at Commercial Observer.
