Berkadia Announces the Sale of a Class A Behavioral Health Hospital in Erlanger, Kentucky
ERLANGER, KENTUCKY – October 5, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of SUN Behavioral Health, a 155,000-square foot, class A behavioral health hospital located in the Cincinnati MSA. Managing Director Eric Lee, Senior Managing Director Sabrina Solomiany, and Managing Directors Vasili Davos and Chris Lashmet of Berkadia Medical & Life Sciences led the transaction on behalf of the seller, Salt Lake City-based Woodbury Corporation.
“SUN Behavioral Health represents a compelling investment in a high-quality behavioral health facility operated by a best-in-class provider,” said Lee. “SUN’s leading market position, strong operating performance, and significant barriers to entry drove a highly competitive process, attracting a deep pool of bidders ranging from public REITs and institutional healthcare real estate investors to private regional investors. The transaction underscores the growing appetite among traditional healthcare real estate investors for high-quality behavioral health assets.”
SUN Behavioral Health is a 197-bed behavioral health hospital located at 820 Dolwick Drive in Erlanger, Kentucky, within the Cincinnati MSA. Constructed in 2018, the purpose-built facility provides a full continuum of inpatient, partial hospitalization and intensive outpatient behavioral health services for children, adolescents, adults and seniors. The property is 100% leased on an absolute net basis to Sun Behavioral Health, a leading national provider of acute mental health and substance use disorder treatment and serves as a flagship campus for the operator. SUN operates in partnership with St. Elizabeth Healthcare, supporting an integrated continuum of care throughout Northern Kentucky.
Berkadia Medical & Life Sciences provides a client experience unique to its peers and is committed to leveraging Berkadia’s industry-leading platform to help healthcare and life sciences facility owners, operators and developers succeed. Backed by innovative technology and cutting-edge analytics, our experienced mortgage bankers and investment sales advisors serve as your partners.
About Woodbury Corporation
Founded in 1919, privately-held Woodbury Corporation is one of the oldest and most respected full-service real estate development companies in the Intermountain West. Headquartered in Salt Lake City, Woodbury Corporation owns and manages over 20 million square feet of retail, office, hotel, residential, and industrial buildings across 16 states. For more information on Woodbury Corporation’s properties and projects, visit http://www.woodburycorp.com.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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