Berkadia Negotiates $42.55M Seniors Housing Portfolio Sale in Florida
TAMPA, FL – July 25, 2024 – Berkadia announced today the sale of a four-property, 334-unit assisted living and memory care portfolio along Florida’s West Coast. Senior Director Brooks Minford of Berkadia Seniors Housing & Healthcare closed the transaction on behalf of two separate sellers. The buyer of all four properties, a Central Florida-based family office, finalized the closings on July 23 for a total purchase price of $42.55 million.
In the first transaction, a Florida-based seniors housing and multifamily developer sold one 79-unit assisted living and memory care community. In the second transaction, an East Coast-based private equity firm divested three assisted living and memory care communities totaling 255 units.
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. In addition to deep market knowledge, the group offers a full set of investment sales, 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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