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Case Study: Seniors Housing & Healthcare

Property Info

Property Type: Seniors Housing & Healthcare

City, State: Various Cities, Eight States

Seller: Publicly Traded REIT

Transaction Type: Investment Sales

Units: 54-104 units per property

Property Objectives

Berkadia Seniors Housing & Healthcare marketed a 16-property portfolio on behalf of a publicly traded REIT. The majority of the communities had negative cash flow, causing the owner to look to strategically divest from the properties. Located throughout the Northeast, Midwest, and Southeast, the properties range in size from 54 to 104 units. Considering the national capital markets environment, finding one buyer for all 16 properties with the ability to finance this type of transaction was unlikely.

Berkadia Solution

Berkadia worked in conjunction with the seller to identify a variety of regional owner/operators with the capability to purchase smaller sub-portfolios with all cash. To date, 13 of the 16 communities have successfully closed over eight transactions to seven different buyers. In order to assist with assurance of close, the seller offered seller financing for a portion of the communities.

Client Results

The seller was able to maximize their returns while successfully divesting from the communities. Berkadia is hard at work securing the closing of the final three properties.

The Berkadia Advantage

Berkadia Seniors Housing & Healthcare’s investment advisors are relationship-driven and focused on ensuring that every deal is seen through to the finish. No deal is too big or too small for Berkadia. While our larger, Class-A offerings gain more publicity, our investment advisors have sold over $1.5 billion in value-add portfolios totaling over 100 individual transactions. Berkadia’s relationships with both value-add sellers and the sector’s most active buyers provide access to an unparalleled breadth of knowledge and experience in large opportunistic portfolio transactions.

Berkadia Seniors Housing & Healthcare

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