Berkadiahas closed two unique Southern California. The firm has brokeredthe sale of a 310-unit independent living facility in Westminsterfor $71 million and the sale of a 229-unit garden-style apartmentcommunity in Simi Valley.
Only six non-assisted senior living communities have come to themarket in Westminster in the last 30 years, making this asset arare opportunity to own an independent senior living facility inthe market. Located at 13920 Hoover St., it features one-of-a-kindbeautifully manicured common areas with colorful flowerbeds liningthe walking paths and two calming streams. Managing directorJoe Leon and associate director MichaelThagard of Berkadia’s Irvine, California office completedthe sale on behalf of the seller, California-based ZinnGroup.
Rancho Corrales, the Simi Valley multifamily property, closed ata record-setting price and is the first 50-plus-unit property totrade in the market since October 2017. Managing directorVince Norris and associate director EricNorris of Berkadia brokered the deal.
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