Oakmonte Village at Lady Mary
Case Study: Seniors Housing & Healthcare
Property Info
Property Objectives
Oakmonte Village of Lake Mary is a 351-unit community offering independent living, assisted living, and memory care in Lake Mary, Florida. Spanning 25 acres, the community was developed between 2009 and 2015. The original developer, also the owner/operator, sought to divest as part of a gradual exit from the seniors housing sector. At the time of sale, the property boasted high occupancy and robust cash flows. Due to confidentiality concerns, Berkadia implemented a targeted marketing strategy, engaging a select group of potential buyers. With an anticipated purchase price nearing $100 million, only a limited number of buyers had the capacity to finance such a transaction.
Berkadia Solution
Ross Sanders from Berkadia Seniors Housing Investment Sales directly marketed the property to a few well-capitalized groups capable of swift execution. After receiving several competitive offers, Berkadia vetted each buyer and ultimately chose a private equity firm.
Austin Sacco, representing Berkadia Seniors Housing Mortgage Banking, facilitated acquisition financing for the buyer. In light of recent challenges in the debt capital markets, Berkadia approached both agencies and traditional lenders. A competitive process yielded numerous attractive quotes, with Freddie Mac ultimately providing the most favorable terms for acquisition financing.
Client Results
By engaging Berkadia for both investment sale advisory and acquisition financing, the seller and buyer benefited from a unified advisory approach. Berkadia’s deep industry relationships and expertise ensured a seamless transaction. Oakmonte Village at Lake Mary became one of the first premier assets to secure favorable permanent debt as the seniors housing capital market improved in the summer of 2024, spurring increased interest and activity in the sector.
The Berkadia Advantage
Berkadia Seniors Housing offers comprehensive investment sales and mortgage banking services, providing a single point of contact for all transaction needs. As an industry leader, Berkadia delivers innovative solutions for active adult, independent living, assisted living, memory care, and skilled nursing projects nationwide. The team combines extensive market knowledge with a full suite of advisory, underwriting, and loan origination services.
Mortgage Banking
Berkadia Seniors Housing & Healthcare
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