PENSACOLA, FL – November 2, 2021 – Berkadia announced today the sale of Homestead Village Retirement Community, a 176-unit, 180-licensed bed senior living community located in Pensacola, Florida. Managing Director Tim Cobb and Director Brooks Minford of Berkadia Seniors Housing & Healthcare completed the transaction on behalf of the seller, an Alabama based not for profit. The deal closed October 12.
“The seller had owned the asset for many years and decided it was time to refocus their efforts on operations within the state of Alabama,” said Minford.
Homestead Village Retirement Community consists of independent living, assisted living and memory care and was sold to New Jersey-based Twin Light Capital. Twin Light Capital’s goal in the purchase will be to create value through capital and operational improvements.
Homestead Village Retirement Community was built in 1993.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex 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. Last year, the team expanded its capabilities by adding an investment sales presence, rounding out its full suite of services.