Berkadia, a leader in the commercial real estate industry, announced the sale of a Class A independent living, personal care, and memory care community called Park Creek Place in the Philadelphia MSA.
Berkadia Seniors Housing & Healthcare, led by Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers, closed the Park Creek Place transaction on behalf of the seller, a private equity firm.
The number of residents in the 75+ age cohort within a 10-mile drive of the community is projected to increase by 15.1% over the next five years. This group of seniors boasts an average net worth of over $1.9 million. The primary market area currently features no construction activity and an anticipated demand for an additional 500 independent living, personal care, and memory care units by 2030.
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.
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.
