Scottsdale, Arizona – June 15, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Acoya Shea, a 147-unit Class-A full acuity senior living community in Scottsdale, Arizona. Opened in September 2023, the asset boasts outstanding operational performance, consistently high occupancy, and a flexible, high-demand unit mix.
Senior Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of Harrison Street Asset Management, a leading global alternative investment management firm with more than $109 billion in assets under management across infrastructure, real estate and credit strategies.
Managing Directors Austin Sacco, Garrett Sacco, and Steve Muth, along with Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, advised the buyer on the financing. A fulsome process included attractive options across the lender universe.
Cogir Senior Living will continue to operate the community on behalf of its new owner.
Located in a highly affluent northern suburb of Scottsdale, the community offers independent living, assisted living, and memory care services. The property is situated in a submarket with considerable unmet demand, excellent seniors housing demographics, and a wide variety of local amenities and services. The community itself offers luxury amenities including multiple dining areas, a fitness studio, movie theater, art studio, full-service salon and barbershop, and a courtyard and pool.
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 Harrison Street Asset Management:
Harrison Street Asset Management is a leading global alternative investment management firm with over $109 billion in assets under management through highly differentiated assets across real estate, infrastructure, and credit strategies. Headquartered in Chicago, Toronto and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 1,100+ institutional and over 300+ Registered Investment Advisors.1
1 HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.
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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 Arizona Berkadia Real Estate Advisors LLC conducts business under Mark Forrester’s Arizona Real Estate Broker Lic. #LC649418000. 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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