NEW BRAUNFELS, Texas — Berkadia has arranged the sale of The Blake at New Braunfels, a resort-style, 112-unit assisted living and memory care community in New Braunfels, a suburb of San Antonio.
Berkadia Seniors Housing & Healthcare, led by Cody Tremper, Mike Garbers, Dave Fasano and Ross Sanders, closed the transaction on behalf of Biloxi, Mississippi-based LifeCare Properties, a wholly owned subsidiary of Comvest Properties.
Scottsdale, Arizona-based Inspired Healthcare Capital was the buyer. The price was not disclosed.
The Blake at New Braunfels is a new vintage, Class A community that has maintained consistently outstanding occupancy and strong NOI during a turbulent time for most operators. Located deep in the heart of the Texas Hill Country, the property is set along the Interstate 35 corridor between San Antonio and Austin. The community is just one block from the Resolute Baptist Hospital, offering a full range of services as well as emergency care and a Level II NICU.
Built in 2021, the property features 71 assisted living units and 41 memory care units.
Inspired Healthcare Capital is creating a new operating partnership with Blake Management and retaining them as manager moving forward.