Artemis Real Estate Partners has sold a premier class A senior living community located in Austin. The independent living, assisted living and memory care property was built in 2016 and expanded in 2019.
Berkadia Seniors Housing represented the seller in the sale. The property was acquired by an affiliate of Walton Street Capital and will continue to be managed by Civitas Senior Living, a leading Texas-based operator.
Berkadia Seniors Housing secured acquisition financing through a national bank. The financing, which featured an attractive interest rate and interest-only terms, generated significant interest from lenders.
With all parties focused on closing the transaction quickly and efficiently, the deal was able to close within just 45 days of Letter of Intent execution.
The property is located in a highly desirable and affluent submarket, characterized by strong seniors housing demand and favorable income demographics. The community boasts high occupa