RICHMOND, VA – June 20, 2024 – Berkadia announced today the sale of an assisted living and memory care community in Richmond, Virginia. Berkadia Seniors Housing & Healthcare, led by Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders, negotiated the 77-unit transaction on behalf of a publicly traded REIT.
The property, located approximately 10 miles southwest of Downtown Richmond, was purchased by a private equity group. Commonwealth Senior Living will operate the community moving forward as Commonwealth Senior Living at Bon Air. The community is located near Midlothian Turnpike and the Powhite Parkway near Chippenham Hospital and currently features 77 assisted living and memory care units with both studio and one-bedroom suites. A full renovation and updating of the community is expected to be completed by the first quarter of 2025.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex 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 investment sales, 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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Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.
In Virginia Berkadia Real Estate Advisors LLC conducts business under Robert Meehling’s Real Estate Broker Lic. #0225154022. 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.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For all state licensing details visit: http://www.berkadia.com/legal/licensing.aspx
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