Austin, Texas – September 11, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living community located in the thriving suburbs of Austin, Texas.
Managing Directors Cody Tremper, Mike Garbers, Ross Sanders, and Dave Fasano of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of Bridgewood Property Company, a Houston-based developer, owner, and operator and the original developer of the community. Bridgewood’s wholly owned management company, The Aspenwood Company, will continue managing the property for its new owner, a publicly traded REIT.
Village on the Park Onion Creek is located in South Austin, an undersupplied seniors housing market with minimal supply growth over the past five years and no units currently in development. The community boasts consistently strong occupancy. In addition to its 102 independent and assisted living units, the property also features 22 highly sought-after independent living cottage units.
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.
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.
About Bridgewood:
Houston-based Bridgewood is a privately held Texas Limited Partnership created in 2002 to capitalize on the senior living industry’s market dynamics of long-term growth, favorable demographics, advantageous societal trends and positive senior housing fundamentals. James D. Gray is the Founder and Principal of Bridgewood. Mr. Gray has developed 20 senior living communities in various regions of the country and acquired another 20 communities, representing approximately 5,100+ residential units totaling $1.3B+ in asset value. Today, Bridgewood holds an ownership interest in over 2,300 Independent Living, Assisted Living and Memory Care units across 18 communities.
About Aspenwood:
Aspenwood was formed as a Bridgewood affiliate to manage Bridgewood’s luxury senior living portfolio in Texas, Arkansas, North Carolina, and Tennessee. Aspenwood’s mission is to provide excellence in service to residents and excellence in returns to its capital partners. Aspenwood currently operates 20 senior housing properties throughout Texas, North Carolina, Arkansas, and Tennessee.
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Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
In Texas Berkadia Real Estate Advisors LLC conducts business under Gregory Smith’s Texas Real Estate Broker Lic. #9002106. Mike Garbers holds Florida license #BK3300367, Cody Tremper holds Texas license #622302, Dave Fasano holds Texas license #737206, and Ross Sanders holds Missouri license #2007038807.
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.
In California, Berkadia Commercial Mortgage LLC makes or arranges loans pursuant to a California Financing Law license. Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For state licensing details for the above entities, visit: http://www.berkadia.com/licensing.
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