Berkadia Closes Two Unique SoCal Deals

Berkadia has closed two unique Southern California. The firm has brokered the sale of a 310-unit independent living facility in Westminster for $71 million and the sale of a 229-unit garden-style apartment community in Simi Valley.

Only six non-assisted senior living communities have come to the market in Westminster in the last 30 years, making this asset a rare opportunity to own an independent senior living facility in the market. Located at 13920 Hoover St., it features one-of-a-kind beautifully manicured common areas with colorful flowerbeds lining the walking paths and two calming streams. Managing director Joe Leon and associate director Michael Thagard of Berkadia’s Irvine, California office completed the sale on behalf of the seller, California-based Zinn Group.