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Berkadia Arranges $11M Sale of TN Assisted Living/Memory Care Facility
Berkadia has announced the sale of Brighton Gardens of Brentwood, a 113-unit, assisted living and memory care senior housing property in Brentwood, TN. Managing Directors Cody Tremper and Mike Garbers of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, Indianapolis-based Prime Care One, LLC. The buyer was a joint venture of two investor groups.
“We are very excited to effect a transaction with a high-quality partnership in this turbulent capital markets environment,” said Tremper. “Brentwood is an incredible market, and we look forward to a successful outcome for all involved.”
Located at 103 Arcaro Place in Brentwood, the community is in a professional area characterized by corporate headquarters, medical offices, hotels, and restaurants.
Brighton Gardens of Brentwood was built in 1997 and features 113 units of assisted living and memory care services. The property was approximately 91 percent occupied at the time of the sale.