Greystar Pays $44M for Seniors Housing Pair

South Carolina-based Greystar acquired two senior housing assets in San Marcos, CA from San Diego-based R&V Management for $44.3 million. The resort-style communities are Casa Vallecitos and Hacienda Vallecitos.

Casa Vallecitos, a 151-unit property built in 1992, offers one- and two-bedroom floor plans. Hacienda Vallecitos, a 104-unit property built in 2001, offers studios, as well as one- and two-bedroom units.

Berkadia’s Ed Rosen, John Chu, Kyle Pinkalla and Erin Dammen completed the portfolio transaction on behalf of the seller.

Berkadia’s Rosen said, “Both of these properties were enticing investments, due to the opportunity for value enhancements. We expect that the new owner will take full advantage and see a significant return over the next couple of years.”

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Greystar Pays $44M for Seniors Housing Pair

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Greystar Pays $44M for Seniors Housing Pair

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