Berkadia Completes Assisted Living & Memory Care Sale in Houston MSA
Houston, Texas – November 5, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Clayton Oaks Living, a 98-unit assisted living and memory community in Richmond, Texas, located in the southwest suburbs of Houston.
Managing Directors Cody Tremper, Dave Fasano, Mike Garbers, and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of Bridgewood Property Company, a Houston-based developer, owner, and operator. Built in 2015, the community was over 90% occupied at closing.
Clayton Oaks Living was purchased by a joint venture between JDI Realty and Stellar Senior Living. JDI, a Chicago-based value-focused, opportunistic private equity real estate firm actively growing its senior housing portfolio nationwide, and Stellar, a Utah-based owner/operator, together assumed the property’s existing HUD loan. Stellar is looking to expand its Texas presence by acquiring in the well-performing, growing seniors housing submarket of Houston.
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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