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June 15, 2020

Berkadia Completes Sale of Multifamily Property in Michigan

CHICAGO and DETROIT – June 15, 2020 – Berkadia today announced the sale of Towne Square Apartments and Townhomes, the first 532-unit property of a 670-total-unit two-property portfolio in Lansing, Michigan. The second property is slated to close later this year. Senior Managing Director Kevin Dillion, Managing Directors Jason Krug and Rick Vidrio, Senior Director […]

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May 28, 2020

Berkadia Completes Sale of 580-Unit Multifamily Portfolio in Ohio

DETROIT – May 28, 2020 – Berkadia today announced the sale of a 580-unit multifamily portfolio consisting of two properties in Columbus, Ohio. The transaction was completed by Managing Director Jason Krug, Director Carly Dietz, Senior Managing Director Kevin Dillon, Senior Director Rick Brace, Managing Director Rick Vidrio and Directors Charley Henneghan and Corey Krug […]

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May 26, 2020

Berkadia Secures Over $16 Million in Financing for Affordable Multifamily Property in Atlanta

AUSTIN, Texas – May 22, 2020 – Berkadia today announced the financing secured for The Residences at City Center, a 182-unit garden-style multifamily property in Atlanta. Managing Director Andy Hill and Associate Director Tyler Nowlin of Berkadia’s Austin, Texas office secured the $16.2 million permanent refinancing for the property on behalf of Texas-based Domain Communities. […]

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May 21, 2020

Berkadia Secures $661 Million in Financing for a 22-Property Multifamily Portfolio Across Four States

PHILADELPHIA – May 21, 2020 – Berkadia today announced the financing secured for Morgan 22 Portfolio, a 22-property portfolio comprised of 4,670 total units. The portfolio includes properties located in New Jersey, Pennsylvania, Delaware and Maryland. TJ Piper and Robert Falese of Berkadia’s Philadelpha office secured the $661 million in financing for the portfolio on […]

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May 19, 2020

Berkadia Secures $8.5 Million Loan for Recap of Delray Beach Condos

Delray Beach, Fla. (May 18, 2020) – Berkadia announces it has secured $8.5 million in financing for the recapitalization of 94 of 275 units at Murano of Delray Beach, a condominium community located off of Delray Beach’s vibrant Atlantic Avenue corridor.  Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office […]

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May 19, 2020

Berkadia Invests $12.3 Million in New Affordable Housing in Santa Rosa

Philadelphia, PA – April 15 2020 – Berkadia’s Affordable Housing team is pleased to announce it has invested $12.3 million in Dutton Flats, a 100% affordable new construction development in Santa Rosa, California.  Once complete, Dutton Flats will provide 40 units to households earning between 30%-60% AMI and 1 unit will be reserved for an […]

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May 18, 2020

Berkadia Completes Over $72 Million in Combined Sales and Over $38 Million in Combined Financing for Multifamily Properties Across Six States

CHICAGO, KANSAS CITY, Mo., MEMPHIS, Tenn., and LEXINGTON, Ky. – May 18, 2020 – Berkadia today announced the sales of six multifamily properties: Bowen Towers, Wilmington Apartments, Village Woods, Brickstone at Woodlawn, London Square and Central Pointe. Together, the properties include 945 total units in secondary and tertiary markets across Illinois, Kansas, Missouri, Oklahoma, Arkansas […]

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