CHICAGO and SALT LAKE CITY – October 30, 2020 – Berkadia today announced the sale of and financing secured for Seasons at Pebble Creek, a 300-unit garden-style multifamily property in Salt Lake City. Managing Director Greg Barratt of Berkadia’s Salt Lake City office together completed the sale on behalf of the seller, Utah-based Cruachan Capital. […]
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DETROIT – October 28, 2020 – Berkadia today announced the sale of West Michigan 4 Portfolio, a 427-total-unit portfolio of four properties in Kalamazoo, Michigan. Jason Krug, Corey Krug, Kevin Dillion, Rick Vidrio, Rick Brace and Charley Henneghan of Berkadia’s Great Lakes Team completed the sale on behalf of the Michigan-based seller, and the buyer, […]
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JUPITER, Fla. – October 28, 2020 – Berkadia today announced the financing secured for London Townhomes, a garden-style multifamily mixed-income property located in Atlanta, Georgia. Managing Director Carolyn Whatley of Berkadia’s Jupiter, Florida office originated the $21.9 million loan on behalf of the borrower, Atlanta-based The Benoit Group, LLC. The deal closed on August 31. […]
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CHICAGO, KANSAS CITY, Mo., MEMPHIS, Tenn. and LEXINGTON, Ky. – October 28, 2020 – Berkadia today announced that in just the past eight weeks, their Midwest brokerage team closed on $214.75 million in combined sales of 14 properties, including Oak Tree Square Apartments, Lakeside Village, Cold Storage Lofts, Citadel Suites and Apartments and Ames 6 […]
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Philadelphia, PA – October 26, 2020 – Berkadia announced today the continued investment in its Tax Credit Syndication team with the addition of Marge Novak as SVP and Head of Capital Markets. “We’re excited to add such an experienced professional to our team,” said David Leopold, SVP and Head of Berkadia Affordable. “The addition will […]
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ATLANTA – October 23, 2020 – Berkadia announced today the sale of Level at Tall Oaks, a 174-unit, garden-style, multifamily property in Conyers, Georgia. Senior Director Judy MacManus, Managing Directors Paul Vetter and Andrew Mays and Director Matthew White of Berkadia’s Atlanta office completed the $17.2 million sale on behalf of the seller, North Carolina-based […]
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AUSTIN, Texas – October 22, 2020 – Berkadia today announced the sale of Cannon Oaks, a 230-unit garden-style multifamily property in Austin, Texas. Managing Director Kelly Witherspoon and Directors Michael Gonzalez and Justin Cole of Berkadia’s Austin, Texas office completed the sale on behalf of the seller, Arizona-based Sterling Real Estate Partners. The buyer was […]
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SAN DIEGO – October 22, 2020 – Berkadia announced the recent sale of Mitchell Place, a brand-new, luxury apartment-townhome community located in Murrieta, California. Investment Advisors John Chu, Ed Rosen and Tyler Sinks of Berkadia’s San Diego office handled the transaction. Despite the challenging capital markets environment, the Berkadia Team was able to source financing […]
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Santa Ana, Calif. (October 21, 2020) – Berkadia today announced that it has secured a joint venture equity partner for Legacy Partners (“Legacy”) to build 651 Sunflower in Santa Ana, California. The five-story, 263,754-square-foot community features a mix of 226 studios and one- and two-bedroom residences located at 651 Sunflower Avenue in the heart of […]
Read More Philadelphia, PA – October 13, 2020 – Berkadia Affordable is pleased to announce it has closed on HŌM Flats at 28 West Phase 2, a 160-unit, new construction, mixed-income apartment community in Wyoming, Michigan. Once complete, the development will provide 132 units of high-quality, affordable workforce housing and 28 units of market-rate housing to families […]
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