Berkadia Announces Senior Living Community Sale in Cincinnati, Ohio
Cincinnati, Ohio – July 8, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of a 146-unit independent living, assisted living, and memory care community in the Cincinnati, Ohio metropolitan area. Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, Indianapolis-based Leo Brown Group. The property was purchased on July 1 by a long-time owner of senior living communities. It was developed by Leo Brown Group and managed by Traditions Management, who will continue as the operator.
The Class A community was 95% occupied as of June 30, 2025, with the memory care acuity boasting an occupancy rate of 100%. The property was built in 2021 and features 52 independent living, 64 assisted living, and 30 memory care units with amenities including restaurant-style and casual dining options, fitness room, movie theater, library, salon, outdoor terrace, and resident parking.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for 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.
Berkadia Brokers Sale of 146-Unit Community in Metro Cincinnati | Seniors Housing Business