Jacksonville, Florida – February 17, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Grand Living at Tamaya, a Class A 171-unit independent living, assisted living, and memory care community located in Jacksonville, Florida. Located in Jacksonville’s Mayo Clinic/Beaches submarket, the property is the only non-CCRC in the submarket offering independent living, assisted living, and memory care.
Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of Ryan Companies US, Inc., a national commercial real estate solutions provider based in Minneapolis, Minnesota. Ryan Companies and Grand Living jointly developed the community in 2019, and Grand Living will continue to operate the property under its new ownership.
Managing Directors Austin Sacco, Garrett Sacco, and Steve Muth, along with Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, secured acquisition financing through Freddie Mac on behalf of the buyer, Artemis Real Estate Partners, a Washington, DC-based investment manager. The seven-year floating rate loan featured an attractive interest rate.
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 Artemis:
Artemis is an investment manager based in metropolitan Washington, DC with offices in New York City, Los Angeles and Atlanta. Artemis has raised $12 billion of capital across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States, with a focus on residential, industrial, seniors housing, medical outpatient, self-storage, hospitality, retail, and office. Artemis specializes in joint venture partnerships and direct investments.
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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 Florida Berkadia Real Estate Advisors LLC conducts business under David Cole Whitaker’s Florida Real Estate Broker Lic. #CQ1043330. 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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