WILLIAMSBURG, VA – November 2, 2021 – Berkadia announced today the sale of Edgeworth Park at New Town, an 83-unit, 95-bed senior living community located in Williamsburg, Virginia. Managing Director Tim Cobb and Director Brooks Minford of Berkadia Seniors Housing & Healthcare completed the transaction on behalf of the seller, Virginia-based Robertson Liebler. The deal closed November 1.
Built in 2017, Edgeworth Park at New Town consists of a class-A Assisted Living and Memory Care and was sold to Connecticut-based Wheelock Street Capital. In partnership with Wheelock Street Capital, Solera Senior Living will serve as the new operator.
Edgeworth Park at New Town was built in 2017.
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.