Berkadia Seniors Housing & Healthcare facilitated the sale of three assisted living and memory care communities. Of the three, two are in South Carolina and the other is in Virginia. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders handled both transactions.
The two communities in South Carolina total 156 units. They are in the Columbia and Myrtle Beach MSA’s. The seller was a publicly traded REIT. The buyer was a regional owner/operator.
The community in Virginia features 77 units and is located 10 miles southwest of downtown Richmond. The seller was also a publicly traded REIT, and the buyer was a private equity group. Commonwealth Senior Living will operate the community as Commonwealth Senior Living at Bon Air. A full renovation and updating of the community is expected to be completed by the first quarter of 2025.
