Berkadia sold the final property in a 16-property seniors housing portfolio, completed through 11 separate transactions over the past 12 months. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders represented the publicly traded REIT seller.
The portfolio comprised 16 assisted living and memory care communities, totaled over 1,200 units and spanned nine states. Eight buyers, primarily regional or local owner/operators, acquired the properties within the portfolio. The final property, an 86-unit AL/MC community in the Knoxville, Tennessee MSA, was purchased by Cougar Capital Management.
