San Mateo, California – January 6, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, along the western shores of San Francisco Bay.
Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders of Berkadia Seniors Housing & Healthcare closed the sale transaction. Following a review of multiple offers, the seller selected a buyer that will rebrand the community as Harbor at Hillsdale.
The buyer was an institutionally capitalized partnership led by Shelter Real Estate Investment Strategies and Calson Management. Shelter Real Estate Investment Strategies is a senior living investor, providing capital and strategic resources in partnerships with regional operators nationwide. Calson Management is a vertically integrated senior living operator specializing in the development, construction, and long-term operation of senior housing in California.
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 California Berkadia Real Estate Advisors Inc. conducts business under Adrienne Barr’s California Real Estate Broker Lic. #01931050. 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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