Berkadia Seniors Housing & Healthcare completed more than $1.7 billion in sales and financings across 49 transactions in the first half of the year, the company announced Wednesday.
“We expect the momentum to continue as we head into the second half of the year as we see strong demand and clients eager to get deals across the finish line,” said Cody Tremper, managing director of investment sales. “We’ve seen a significant increase in bid volume over the past few months from groups with capital who are interested in investing in the current marketplace.”
Berkadia facilitated closings of 12 different properties totaling more than $329.7 million of bridge debt, all inApril, May and June.
As part of that total, the company secured $67.5 million in financing for a three-property seniors living portfolio in Washington state. The portfolio consists of two communities offering independent living assisted living and memory care and one offering assisted living. The loan refinanced two construction loans along with a bridge acquisition loan that had been provided by Berkadia.
Additionally, Berkadia negotiated the sale of The Blake at New Braunfels, a 112-unit assisted living and memory care community in New Braunfels, TX.
Among recent transactions, earlier this month, Berkadia announced the sale of two recently developed Class A senior living communities in Indiana and Ohio. Managing Director Fasano said that the communities are located in strong submarkets and “demonstrate robust operating performance.”
