Venice, Florida – April 22, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Heartis Venice, a 182-unit, Class-A independent living, assisted living, and memory care community in Venice, Florida. Built in 2021, the community is located along Florida’s southwest coast, approximately 20 miles south of Sarasota.
Senior Managing Directors Ross Sanders, Dave Fasano, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of a joint venture between Dallas-based Caddis Partners and a private equity real estate fund.
Managing Directors Austin Sacco, Garrett Sacco, and Steve Muth, along with Assistant Vice President Alec Rosenfeld of Berkadia Senior Housing & Healthcare secured a 10-year fixed rate loan through Freddie Mac for the buyer, CPF Living Communities. The Freddie Mac loan features an extremely attractive rate and interest only period. CPF Living will utilize its wholly owned manager, Grace Management Inc, to operate the community. The property will be rebranded moving forward as The Legacy of Venice.
One of the newest and largest senior living communities in southwestern Florida, the community offers full acuity services in one of Florida’s most highly concentrated senior population markets. At closing the community was over 95% occupied.
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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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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