ATLANTA and DALLAS – January 15, 2021 – Berkadia today announced the sale of and financing secured for Plum Meadow, a 270-unit garden-style multifamily property in Dallas, Texas. Managing Director Thomas Burns along with Managing Director Jay Gunn and Senior Director William Jarnagin, all of Berkadia’s Dallas office, completed the sale on behalf of the […]
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ORLANDO, Fla. and TAMPA, Fla. – January 15, 2021 – Berkadia announced today the sale of Standard at 2690, a 456-unit garden-style multifamily property located in Clearwater, Florida. Managing Director Jason Stanton of Berkadia’s Tampa office, and Senior Managing Director Cole Whitaker of Berkadia’s Orlando office, arranged the $57.5 million sale on behalf of the […]
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Together, the firms will create Berkadia Institutional Solutions, powered by Moran, a platform dedicated to offering institutional real estate investors best-in-class customized capital solutions to meet their long-term real estate goals NEW YORK – January 14, 2021 – Berkadia announced today the acquisition of the apartment brokerage practice of Moran & Company, expanding Berkadia’s core […]
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Trinity, Fla. (Jan. 13, 2021) – Berkadia announces it has secured $21.75 million in cash-out refinancing for Trinity Medical Arts Building, a four-story, 86,770-square foot medical office building in the Tampa suburb of Trinity, Florida. Director Bryan Brown of Berkadia’s Tampa office arranged the loan on behalf of Onicx Development, led by Dhvanit Patel, CEO […]
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Charlotte, NC (Jan. 13, 2021) – Berkadia announces it has secured debt financing for the acquisition of two multifamily communities in Charlotte, N.C. totaling 550 units. One Real Estate Investment (OREI) of Miami acquired the 310-unit Kelston Apartments and 240-unit Avalon Apartments for $68.7 million using a combination of $51.4 million in Fannie Mae and […]
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Chandler, Ariz. (Jan. 12, 2021) – Berkadia has sourced a capital partner for Encore Chandler, a 208-unit, class-A, multifamily development in Downtown Chandler between Dallas-based Encore Multi-Family and a Real Estate Investment Trust. Berkadia’s JV Equity & Structured Capital team led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick brought the publicly traded REIT as […]
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St. Petersburg, Fla. (Jan. 8, 2021) – Berkadia announces it has arranged the sale of Brandywine Apartments, a 477-unit garden-style apartment community in St. Petersburg, Fla. Managing Director Jason Stanton of Berkadia’s Tampa office, and Senior Managing Director Cole Whitaker of Berkadia’s Orlando office, arranged the sale. A real estate fund managed by Covenant Capital […]
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CHICAGO – January 8, 2021 – Berkadia today announced the sale of Lake Point Terrace for approximately $13.1 million. Managing Director Ralph DePasquale of Berkadia’s Chicago office completed the sale on behalf of the seller, Chicago-based Ansonia Properties LLC, as well as the buyer, Milwaukee-based Metropolitan Associates. The deal closed on December 18, 2020. “Lake […]
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LOUIS – January 8, 2021 – Berkadia today announced the financing secured for Rosehill Pointe, a garden-style multifamily property in Lenexa, Kansas. Associate Director Pat Garlich of Berkadia’s St. Louis office secured the permanent refinancing on behalf of the borrower, Missouri-based Maxus Properties. The deal closed on December 10, 2020. The 10-year Freddie Mac loan […]
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DETROIT – January 8, 2021 – Berkadia today announced the $75.13 million in combined financing secured for Dearborn View, Bedford Square and Delta Square Apartments, three garden-style multifamily properties in Michigan. Director Aaron Moll of Berkadia’s Detroit office secured these loans on behalf of Valleytree Partners. “It has been great working with Valleytree,” said Moll. […]
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