Berkadia Announces Class A Senior Living Sale & Acquisition Financing in Northeast Florida
Jacksonville, Florida – February 17, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Grand Living at Tamaya, a Class A 171-unit independent living, assisted living, and memory care community located in Jacksonville, Florida. Located in Jacksonville’s Mayo Clinic/Beaches submarket, the property is the only non-CCRC in the submarket offering independent living, assisted living, and memory care.
Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of Ryan Companies US, Inc., a national commercial real estate solutions provider based in Minneapolis, Minnesota. Ryan Companies and Grand Living jointly developed the community in 2019, and Grand Living will continue to operate the property under its new ownership.
Managing Directors Austin Sacco, Garrett Sacco, and Steve Muth, along with Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, secured acquisition financing through Freddie Mac on behalf of the buyer, Artemis Real Estate Partners, a Washington, DC-based investment manager. The seven-year floating rate loan featured an attractive interest rate.
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.
Berkadia sells, finances Jacksonville community | Senior Housing News