HOUSTON: Texas-based Greystone Communities has announced a development and management partnership with CITIC Guaon Investment Co., Ltc. (CITIC GAI), a real estate development and finance investment firm based in Beijing.
One of the primary purposes for this partnership comes from GAI’s intention to buy from Greystone the company’s expertise in areas such as operations, hospitality, staff training and management systems, said Greystone Communities Vice Chairman and C.E.O. John Spooner.
Greystone will essentially provide management consulting for CITIC GAI’s portfolio of senior care projects in China, including the company’s Grand Epoch City located in suburban Beijing. The company will also provide planning and operations management consulting to GAI’s high-end, large-scale senior living communities, which include projects dubbed Ermei and Beihai…