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Berkadia Completes Sale of Indianapolis Assisted Living Center
Berkadia closed the sale of Meadow Brook Senior Living, a 92-unit assisted living and memory care community in Fishers, Indiana.
Located 15 miles northeast of Downtown Indianapolis, the property consistently achieved high occupancy, averaging 95% occupancy over the past year. Built in 2014, Meadow Brook is a well-maintained asset with high-quality construction, finishes, and furnishings.
Managing Directors Cody Tremper, Dave Fasano, Ross Sanders, and Mike Garbers of Berkadia Seniors Housing & Healthcare led the transaction on behalf of the seller, S-K Fishers, LLC, an entity managed by the principals of SRC, LLC.
A long-time owner of senior living communities was ultimately selected as the buyer due to their proposed pricing and deal structure. Traditions Management will continue to manage the community.
