Berkadia facilitated the sale of a Class-A seniors housing community in New Braunfels, Texas. Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders handled the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of Comvest Properties. The buyer was Scottsdale, Arizona-based Inspired Healthcare Capital.
Built in 2021, The Blake at New Braunfels features 71 assisted living and 41 memory care units. The community has maintained consistently high occupancy and strong NOI. It is also just one block from the Resolute Baptist Hospital, which offers a full range of services as well as emergency care and a Level II NICU. Inspired is creating a new operating partnership with Blake Management, retaining them as manager of the property going forward.
