Bismarck, North Dakota – July 21, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the equity placement and financing for the development of Vibra Hospital of the Central Dakotas, a 50-bed inpatient rehabilitation facility (IRF) and long-term acute care hospital (LTACH) in Bismarck, North Dakota. The build-to-suit facility will be fully leased to Vibra Hospital of the Central Dakotas.
Senior Managing Director and Head of Medical & Life Sciences Sabrina Solomiany, together with Managing Directors Vasili Davos, Chris Lashmet, and Eric Lee of Berkadia Medical & Life Sciences, partnered with Gordon Reynolds, Conner Adkins and Brian Myers of Berkadia Strategic Capital to lead the equity placement on behalf of Birmingham, Alabama-based Development Solutions.
Development financing was secured through First Horizon Bank. Managing Director Mike Rogers of Berkadia Medical & Life Sciences led the financing effort on behalf of Development Solutions.
“The collaboration between Berkadia Medical & Life Sciences and Strategic Capital was instrumental in structuring and delivering an equity solution that aligned with Development Solutions’ objectives,” said Solomiany. “This transaction reflects the value of Berkadia’s integrated platform and our commitment to creating tailored solutions for healthcare real estate clients.”
The new facility will serve as a centrally located replacement hospital for the existing 41-bed Vibra LTACH and will bring a much-needed IRF to the Bismarck market. The property will feature 100% private rooms, and its central location will enhance patient access and support high-quality care.
“We are deeply committed to expanding access to high-quality specialty care,” said Brad Hollinger, chairman and CEO of Vibra Healthcare. “This new hospital reflects that commitment by bringing both long-term acute care and medical rehabilitation services together in a single, state-of-the-art facility. By integrating our critical care and rehabilitation programs, we ensure
that patients receive the right level of care at the right time, without needing to leave the area. We are proud to invest in the Central Dakotas and believe that this expansion will enhance outcomes for the patients, families, and the community medical partners we serve.”
Berkadia Medical & Life Sciences provides a client experience unique to its peers and is committed to leveraging Berkadia’s industry-leading platform to help healthcare and life sciences facility owners, operators and developers succeed. Backed by innovative technology and cutting-edge analytics, our experienced mortgage bankers and investment sales advisors serve as your partners.
About Development Solutions
Based in Birmingham, Alabama, Development Solutions is a healthcare-focused real estate firm with extensive expertise in addressing the unique needs of medical providers. The company offers a comprehensive range of services, including acquiring, developing, managing, and leasing. While its primary focus is on ground-up facilities for healthcare operators, the company also work with mixed-use campuses, universities, and research parks and have extensive experience in the development of IRF, outpatient medical buildings, and ambulatory surgery centers totaling over $600 million.
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 Vibra Healthcare
Vibra Healthcare, LLC is a post-acute care provider based in Mechanicsburg, Pennsylvania. Vibra Healthcare is focused on the development, acquisition, and operation of freestanding specialty acute care hospitals, medical rehabilitation hospitals, and outpatient physical rehabilitation centers. Teams of highly trained specialists lead clinical programs at Vibra’s specialty hospitals for rehabilitating patients who suffer from stroke, multiple traumas, major orthopedic, neurologic, cardiac, and respiratory conditions. Vibra and its affiliates currently employ over 4,000 employees and own, operate, and manage more than 25 specialty hospitals, transitional care facilities, and hospital-based outpatient physical therapy locations across 10 states. For additional information about Vibra Healthcare’s network of specialty hospitals and post-acute care continuum, please visit www.vibrahealthcare.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 Georgia, Berkadia Real Estate Advisors LLC conducts business under Georgia Real Estate Broker Lic. #. Judy MacManus is the designated broker for Georgia, her license number is #. Sabrina Solomiany holds a Georgia license, her license number is #539242, Vasili Davos Texas license number is #778826, Chris Lashmet Illinois license number is #475196617 and Eric Lee’s Illinois license number is #475194860.
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.
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For state licensing details for the above entities, visit: http://www.berkadia.com/licensing.
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