Berkadia Completes Sale of Indianapolis Assisted Living Center

Barchart · 10/15 17:06

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.

The post Berkadia Completes Sale of Indianapolis Assisted Living Center appeared first on Connect CRE.