Greystone Brokers $12.5M Sale of 298-Unit Independent Living Community Near Detroit

by Jeff Shaw

SOUTHFIELD, Mich. — Greystone Real Estate Advisors has arranged the $12.5 million sale of the Park at Trowbridge, a 298-unit independent living community in the Detroit suburb of Southfield.

The community was built in 1998 and totals 280,000 square feet. It is situated on a seven-acre plot.

A private equity group purchased the property from a publicly traded REIT. Mike Garbers and Cody Tremper of Greystone represented the seller in the transaction.

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