New York, New York – April 28, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that its Seniors Housing & Healthcare platform originated more than $508 million in financing volume in the first quarter of 2026. This milestone underscores Berkadia’s strength in the seniors housing sector and its commitment to advising investors in this exceptionally resilient asset class.
During calendar Q1, the mortgage banking platform closed 32 transactions, including $128 million in Berkadia Bridge fundings across 15 deals. The seniors housing investment sales platform closed an additional 40 seniors housing and healthcare transactions in the first quarter.
“The seniors housing sector is seeing renewed conviction, supported by accelerating operating performance, favorable demographics, and demonstrated resilience through economic cycles,” said Steve Ervin, SVP – Head of FHA & Seniors Housing Finance. “We are at a pivotal moment—benefiting from durable demand drivers, compelling relative affordability versus in-home care alternatives, and a demographic wave that is only beginning to build—and our experts are fully committed to guiding clients through this next phase of growth in the sector.”
Through its integrated seniors housing platform—combining investment sales advisors and mortgage bankers—Berkadia Seniors Housing & Healthcare works seamlessly across disciplines, leveraging deep collaboration and trust, and successfully executed multiple notable “round-trip” sale-and-financing assignments.
“We are seeing an increasingly robust investment sales market in seniors housing, driven by strong confidence in the asset class, new capital formation, and deep investor demand for properties with durable operating performance,” said Senior Managing Director Cody Tremper. “Leveraging Berkadia’s dedicated Seniors Housing & Healthcare platform and decades of sector-specific expertise, we’re tracking continued cap rate compression month-over-month as sophisticated investors compete for best-in-class senior living communities.”
A few notable round-trip transactions include:
The Pillars at Lakeville – A Class-A community with 100 units of independent living, assisted living, and memory care in a fast‑growing Minneapolis seniors housing market with no new competitive supply in the pipeline.
The Sheridan at Green Oaks – A Class-A, 198‑unit independent living, assisted living, and memory care community in Lake Bluff, Illinois. The property attracted strong institutional interest given its location in an affluent Chicago suburban neighborhood.
Grand Living at Tamaya – A Class A, 171‑unit independent living, assisted living, and memory care community in Jacksonville, Florida. The property is the only non‑CCRC in its submarket.
Class-A Trophy Asset in DC Metro – A Class-A independent living, assisted living, and memory care community in the Washington, DC metropolitan area.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.