LAKEVILLE, Minn. — Berkadia has arranged the sale and financing of The Pillars of Lakeville, a senior living community located in Lakeville, a suburb situated roughly 25 miles south of downtown Minneapolis.
Totaling 100 units, the property features independent living, assisted living and memory care. Amenities at the community include a fitness center, wellness programs, heated underground parking, a salon and spa, game room and pickleball court.
Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, a joint venture between Harrison Street Asset Management and Oppidan Development Co. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia secured acquisition financing on behalf of the buyer, Artemis Real Estate Partners. The floating-rate loan features a term of up to five years.