Berkadia facilitated the sale of a seniors housing community in the Indianapolis, Indiana MSA. The seller was S-K Fishers, LLC, an entity managed by the principals of SRC, LLC. While the ultimate buyer was a long-time owner of senior living campuses that was selected due to its proposed pricing and deal structure.
Built in 2014, Meadow Brook Senior Living features 92 units of assisted living and memory care in Fishers, Indiana. It is a well-maintained asset with high-quality construction, finishes and furnishings. The community also averaged 95% occupancy over the past year.
Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers handled the transaction. It was a competitive marketing process with multiple motivated offers, but the purchase price was not disclosed.
