ST. LOUIS — Berkadia has brokered the sale of three seniors housing communities located in metro St. Louis. Berkadia arranged the transactions on behalf of the seller, a private equity firm that developed the properties.
The communities include The Grande at Creve Coeur in Creve Coeur, roughly 15 miles northwest of St. Louis; The Grande at Laumeier Park in Sunset Hills, approximately 15 miles southwest of St. Louis; and The Grande at Chesterfield in Chesterfield, about 20 miles west of St. Louis.
The Grande at Creve Coeur, a 53-unit memory care community, was acquired by Kauhale Health. The property was originally developed in 2017.
Totaling 81 and 87 units, respectively, The Grande at Laumeier Park and The Grande at Chesterfield are assisted living and memory care communities. A Florida-based private equity firm purchased the properties. The Grande at Laumeier Park was built in 2016, and The Grande at Chesterfield was built in 2017. Provision Living will operate the properties, which will be rebranded as Kinwell at Sunset Hills and Kinwell at Chesterfield.
Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia represented the seller in the sales.