Scottsdale, Arizona (June 15, 2026) – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of Acoya Shea, a 147-unit Class-A full acuity senior living community in Scottsdale, Arizona. Opened in September 2023, the asset boasts outstanding operational performance, consistently high occupancy, and a flexible, high-demand unit mix.
Senior Managing Directors Dave Fasano, Ross Sanders, Cody Tremper, and Mike Garbers of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of Harrison Street Asset Management, a leading global alternative investment management firm with more than $109 billion in assets under management across infrastructure, real estate, and credit strategies.
Managing Directors Austin Sacco, Garrett Sacco, and Steve Muth, along with Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, advised the buyer on the financing. A fulsome process included attractive options across the lender universe.
Cogir Senior Living will continue to operate the community on behalf of its new owner.
Located in a highly affluent northern suburb of Scottsdale, the community offers independent living, assisted living, and memory care services. The property is situated in a submarket with considerable unmet demand, excellent seniors housing demographics, and a wide variety of local amenities and services. The community itself offers luxury amenities, including multiple dining areas, a fitness studio, a movie theater, an art studio, a full-service salon and barbershop, and a courtyard and pool.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care, and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of advisory, underwriting, and loan origination services and products, including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending, and Capital Markets Advisory Services.