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March 24, 2021

Berkadia Completes Over $43 Million Sale of Three Multifamily Properties in Illinois

CHICAGO – March 24, 2021 – Berkadia today announced the $43.2 million in combined sales of three multifamily properties, including Wing Park Apartments, Parkside Apartments and Stone Ridge Square. Managing Director Ralph DePasquale of Berkadia’s Chicago office led the sales team on behalf of their respective sellers. “The sale of these assets demonstrates continued strong […]

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HUD
March 23, 2021

Berkadia Completes $29.2 Million Sale of Multifamily Property in Orlando

ORLANDO, Fla. – March 23, 2021 – Berkadia announced today the sale of The Mark at SoDo, a 258-unit garden-style multifamily property located in Orlando, Florida. Senior Managing Director Cole Whitaker, Director Mary Beale and Associate Director Lauren Gassie of Berkadia’s Orlando office completed the $29.2 million sale. The Mark at SoDo was sold by […]

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March 23, 2021

Berkadia Arranges $48 Million Sale and Financing of Virginia Affordable Housing Portfolio Acquired by Blackfin Real Estate Partners, LLC and GMF Capital

Norfolk, Va. (March 23, 2021) – Berkadia announces it has arranged the sale and financing of a three-property, 452-unit portfolio of affordable multifamily properties located in the suburbs of Richmond and Norfolk, Virginia. The three properties – Oaks of Dunlop Farms in Colonial Heights (144 units), Independence Square (152 units) and Crescent Place (156 units), […]

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March 22, 2021

Berkadia Secures Over $18 Million in Financing for Multifamily Property in Michigan

DETROIT – March 22, 2021 – Berkadia today announced the financing secured for The Glens at Rolling Ridge, a garden-style multifamily property in Howell, Michigan. Senior Managing Director Colin Callaghan of Berkadia’s Detroit office secured the $18.7 million in HUD financing for the property on behalf of the borrower, an undisclosed entity. The deal closed […]

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March 19, 2021

Berkadia Completes $95 Million Sale of Two Multifamily Properties in Massachusetts

BOSTON – March 19, 2021 – Berkadia announced today the $95 million sale of the Merrimack Valley Portfolio, consisting of Mill 240 and Washington Mills, two mid-rise former mill buildings developed into Class A multifamily properties in Lawrence, Massachusetts. Senior Directors Jennifer Athas and Matt Olson of Berkadia’s Boston office completed the sale on behalf […]

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student housing
March 18, 2021

Berkadia Completes $15 Million Sale of Development Site in the Phoenix Submarket

PHOENIX, AZ – March 18, 2021 – Berkadia today announced the sale of 2.229 acres of land in Kierland, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia’s Phoenix office completed the $15 million sale on behalf of the seller, San Antonio-based Embrey Partners, LTD. […]

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March 18, 2021

Berkadia Secures $55.1M in Financing for Two Dallas Apartment Communities

DALLAS (March 17, 2021) – Berkadia announces it has arranged  $55.1 million in financing for the acquisition of Residences at Northgate, a 320-unit multifamily community in Irving, Texas and Arbor Creek, a 280-unit multifamily community in Lewisville, Texas. Senior Managing Director Mitch Sinberg of Berkadia’s Boca Raton office and Managing Director Brad Williamson of Berkadia’s […]

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March 18, 2021

Berkadia Arranges Sale and Financing of Florida Multifamily Portfolio

Vantage Point Acquisitions acquired three apartment communities in the Florida Panhandle for $49.8 million Fort Walton Beach, Fla. (March 18, 2021) – Berkadia announces it has arranged the sale and financing for a three-property, 252-unit multifamily portfolio in the Florida Panhandle. Vantage Point Acquisitions acquired the three apartment communities including the 176-unit Crosswinds, 40-unit Crosslake […]

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commercial real estate Southeast
March 17, 2021

Berkadia Arranges Sale and Financing of the Largest Apartment Property in Alabama

Westside Capital Group acquired the 1,060-unit The Park at Hoover in Birmingham Birmingham, Ala. (March 17, 2021) — Berkadia announced today the sale of The Park at Hoover, a 1,060-unit garden-style multifamily property located on 101 acres in the heart of the City of Hoover, Birmingham’s largest suburb. This Class B property is the largest […]

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March 17, 2021

Berkadia Secures Nearly $25 Million in Financing for Multifamily Property in Alexandria, Virginia

SALT LAKE CITY – March 18, 2021 – Berkadia today announced the financing secured for The Tuscany Apartments, a mid-rise multifamily property in Alexandria, Virginia. Managing Director Jonathan Pratt of Berkadia’s Salt Lake City office secured the $24.936 million in acquisition financing on behalf of the borrower, an affiliate of Maryland-based Advantage Properties, Inc. and […]

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Florida Multifamily Market Holding Steady