Berkadia Closes Final Asset in 16-Property Senior Living Portfolio
Knoxville, Tennessee – March 18, 2025 – Berkadia, a leader in the commercial real estate industry, is pleased to announce the successful sale of the final property in a 16-property senior living portfolio, completed through 11 separate transactions over the past 12 months. Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders of Berkadia Seniors Housing & Healthcare were engaged by a publicly traded REIT to facilitate the divestment of the 16 properties.
The portfolio comprised of 16 assisted living and memory care communities, totaling over 1,200 units, and spanned nine states. Eight distinct buyers, primarily regional or local owner/operators, acquired the properties within the portfolio.
The final property, an 86-unit assisted living and memory care community located in the Knoxville market, was purchased by Boston-based Cougar Capital Management.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.