VENICE, Florida — Berkadia has arranged the sale and financing of Heartis Venice, a senior living community located in Venice. Built in 2021, the property totals 182 units, with independent living, assisted living and memory care residences.
A joint venture between Caddis Partners and a private equity real estate fund sold the community to CPF Living Communities for an undisclosed price.
Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the joint venture seller in the transaction.
Austin Sacco, Garrett Sacco, Steve Muth and Alec Rosenfield of Berkadia secured a 10-year, fixed-rate loan through Freddie Mac on behalf of the buyer.
Grace Management Inc., the management company wholly owned by CPF Living, will operate Heartis Venice, which was 95 percent occupied at the time of sale, on behalf of the new ownership.