Oxford, FL– March 10, 2021 – Berkadia’s Seniors Housing and Healthcare Group completed the $15 million sale of a 126-unit assisted living and memory care community, The Willows of Wildwood, in Oxford, Florida. Tim Cobb, Investment Sales Lead of Berkadia’s Seniors Housing & Healthcare Group, and Associate Director Brooks Minford completed the sale on behalf of the owner. The deal closed on February 17.
“This sale presented a great opportunity for buyer and seller alike,” says Cobb. “The Willows is a well-run senior facility with a reputation for quality care in a strong location adjacent to The Villages, Florida. The community is poised to offer great value as the market for seniors housing continues to grow in the years to come, particularly in the region.”
The class A facility was built in 2015 and has 134 beds.
Berkadia’s Seniors Housing & Healthcare group 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.