CHARLOTTE, NC– OCTOBER 10, 2023 – Berkadia announced today the sale of an Active Adult Senior Living Community located in Charlotte, North Carolina. Managing Directors David Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, Evergreen Residential. The deal closed on October 2.
“This transaction presented the challenge of navigating pricing in a rapidly changing capital markets environment,” said Tremper. “We were able to successfully identify a sale price that maximized the seller’s returns while attracting a capable buyer.”
The property opened in fall 2020 and displayed an impressive lease-up velocity. The property is located in one of Charlotte’s exclusive Master Planned Communities. The local area offers an array of shopping, fitness, and entertainment opportunities and boasts high median household incomes and housing values.
Community outdoor amenities include a resort-style pool with sun deck, dual manicured courtyards, outdoor grilling stations, an outdoor covered patio, pickleball court, yoga deck, private dog park, and courtyard nature paths. The community’s clubhouse features a fitness and wellness studio, community kitchen with self-serve coffee bar, media room, game room, and business center.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex 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. This year, the team expanded its capabilities by increasing its investment sales presence, rounding out its full suite of services.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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