Stagecoach Capital Acquires 246-Unit Wyndham Lakes Senior Housing Community in Jacksonville for $30.94M

Michigan-based Stagecoach Capital has acquired Wyndham Lakes, a 246-unit independent living, assisted living, and memory care community located at 10660 Old Saint Augustine Road in Jacksonville, Florida's Southside/Mandarin submarket. Public records reflect a recorded sale price of approximately $30.94 million, or roughly $126,000 per unit, for the stabilized campus.

Berkadia announced the transaction on August 14, 2026. Senior Managing Directors Mike Garbers, Cody Tremper, Dave Fasano, and Ross Sanders of Berkadia Seniors Housing & Healthcare represented the seller, a California-based owner identified in public records as Pacifica Augustine Road LLC, an entity tied to Pacifica Companies of San Diego.

Deal Structure and Pricing

The recorded consideration of approximately $30.94 million contrasts with Stagecoach Capital's own acquisition materials, which characterize the purchase price as $35 million against a $45 million as-is appraised value. Stagecoach describes the gap as roughly $10 million of built-in equity at signing. The discrepancy between the deed record and the figure cited in Stagecoach's offering materials may reflect capitalized costs, earn-outs, or structuring differences between recorded consideration and total investment economics.

At the recorded price, the transaction represents an increase of approximately 60% over the property's 2016 purchase price, which was roughly $79,000 per unit. Stagecoach's materials project a post-stabilization valuation of approximately $60 million, with a refinance targeted around month 17 of ownership to return investor capital.

The property is licensed for 261 beds across its 246 rentable units, reflecting multiple-occupancy configurations in its assisted living and memory care sections.

Property and Occupancy Profile

Wyndham Lakes Senior Living sits in the southeastern Jacksonville suburbs near the St. Johns River and offers a range of care types on a single campus, including independent living, assisted living, memory care, respite care, and 55-plus senior apartments. Unit configurations include studios, one-bedrooms, two-bedrooms, suites, and semi-private layouts.

The community was well-occupied at the time of closing. Stagecoach Capital describes the asset as stabilized at 96% occupancy and cash flowing on day one. Advertised starting rents for independent and assisted living units begin around $2,495 per month, with memory care costs ranging from approximately $2,800 to $3,500 per month before additional care fees.

Prior to the sale, the property operated within the Pacifica Senior Living network.

Stagecoach Capital's Operating Strategy

Stagecoach Capital will assume operations at the community following the acquisition. Berkadia's announcement states that the buyer intends to expand the community's acuity mix going forward.

About the Brokerage Team

The transaction was handled by Berkadia Seniors Housing & Healthcare, the firm's dedicated seniors housing capital markets platform. Senior Managing Directors Dave Fasano, Mike Garbers, Cody Tremper, and Ross Sanders closed the sale on behalf of the California-based seller. Berkadia Seniors Housing & Healthcare provides advisory, underwriting, and loan origination services for active adult, independent living, assisted living, memory care, and skilled nursing assets nationally, and offers financing products including FHA, Fannie Mae, Freddie Mac, life company, proprietary bridge lending, and capital markets advisory services.

The Wyndham Lakes transaction closed on August 6, 2026, according to public deed records, with Berkadia's formal announcement following on August 14, 2026.

Sources

• Berkadia — Wyndham Lakes, Jacksonville, FL | Sold by Berkadia 2026