St. Louis, Missouri – December 30, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of three Class A seniors housing communities in the St. Louis metropolitan area: The Grande at Creve Coeur, The Grande at Laumeier Park, and The Grande at Chesterfield.
Managing Directors Ross Sanders, Dave Fasano, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of a private equity firm, the original developer/operator seeking to exit the St. Louis market.
The Grande at Creve Coeur, a 53-unit memory care community built in 2017 in Creve Coeur, was acquired by Kauhale Health, an Ohio-based owner-operator. It will be rebranded as Kauhale Creve Coeur.
The Grande at Laumeier Park, an 81-unit assisted living and memory care community in Sunset Hills, and The Grande at Chesterfield, an 87-unit assisted living and memory care community in Chesterfield, were acquired by an Orlando-based private equity firm. Provision Living, a St. Louis-based senior living operator, will manage and rebrand the properties as Kinwell at Sunset Hills and Kinwell at Chesterfield. Built in 2016 and 2017, the communities are among the newest seniors housing assets in their respective western St. Louis submarkets.
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.
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© 2025 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
In Missouri Berkadia Real Estate Advisors LLC conducts business under Kenneth Aston’s Missouri Real Estate Broker Lic. #2013008576. 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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