FOR IMMEDIATE RELEASE
Orlando, Florida– October 4, 2024 – Berkadia announced today the sale and financing of a Class A senior living community in Orlando, Florida MSA. Berkadia Seniors Housing & Healthcare provided both investment sales and mortgage banking advisory for Oakmonte Village at Lake Mary, an independent living, assisted living, and memory care community in the upscale submarket of Lake Mary, Florida. The deal closed on September 25.
Managing Directors Ross Sanders, Dave Fasano, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of Royal Senior Care, a Florida-based owner, operator, and the developer of the campus.
Managing Directors Austin Sacco and Steve Muth of Berkadia Seniors Housing & Healthcare secured acquisition financing through Freddie Mac on behalf of the buyer. After closing, the community will be rebranded as Grand Living Park at Lake Mary.
Located off the Interstate 4 corridor at Lake Mary Boulevard, Oakmonte Village at Lake Mary affords convenient access to the northern Orlando suburbs. The community was built in phases between 2009 and 2015 and features over 300 units including independent living apartments, independent living cottage units, assisted living units, and memory care units.
The 25-acre campus consists of one three-story independent living building, one three-story assisted living building, one single-story memory care building, and 20 independent living cottage duplexes. Property amenities include a heated outdoor pool with cabanas, private concierge services and an exclusive lounge, movie theater, and fitness center.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex 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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Media Contact:
Page Lowry
Berkadia Real Estate Advisors LLC and Berkadia Commercial Mortgage
610.812.2229
Page.Lowry@berkadia.com
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