Berkadia Announces Senior Living Sale on San Francisco Bay
San Mateo, California – January 6, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, along the western shores of San Francisco Bay.
Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the sale transaction. Following a review of multiple offers, the seller selected a buyer that will rebrand the community as Harbor at Hillsdale.
The buyer was an institutionally capitalized partnership led by Shelter Real Estate Investment Strategies and Calson Management. Shelter Real Estate Investment Strategies is a senior living investor, providing capital and strategic resources in partnerships with regional operators nationwide. Calson Management is a vertically integrated senior living operator specializing in the development, construction, and long-term operation of senior housing in California.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending, and Capital Markets Advisory Services.
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