Newsroom

August 21, 2020

Berkadia Completes Sale and Financing for Multifamily Property Outside of Washington, D.C.

WASHINGTON, D.C. and RICHMOND, Va. – August 18, 2020— Berkadia announced the sale of Palisades at Manassas Park, a 304-unit, 2016 vintage, luxury asset that is located in the Washington, D.C. metro multifamily market. Senior Managing Director Drew White of Berkadia’s D.C. Metro office represented the seller, Atlanta-based Oxford Properties, in the off-market trade to […]

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August 13, 2020

Berkadia Completes $16.2 Million Sale of Multifamily Property in Phoenix

PHOENIX – August 12, 2020 – Berkadia today announced the sale of Villa de Paz, a garden-style multifamily property totaling 120-units in Phoenix. Senior Managing Director Ric Holway, Senior Director Dan Cheyne and Senior Managing Director Mark Forrester of Berkadia’s Phoenix office completed the $16.2 million sale on behalf of the seller, California-based Prado Revocable […]

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August 13, 2020

Berkadia Completes $24.5 Million Sale and Secures Over $17 Million in Financing for Multifamily Property in Phoenix

PHOENIX – August 12, 2020 – Berkadia today announced the sale and financing secured for Tides on Thomas, a garden-style multifamily property totaling 187-units in Phoenix. Senior Managing Director Ric Holway, Senior Director Dan Cheyne and Senior Managing Director Mark Forrester of Berkadia’s Phoenix office completed the $24.5 million sale on behalf of the seller, […]

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August 7, 2020

Berkadia Arranges $35 Million in Debt for Beacon Real Estate Group’s Acquisition of Sister Apartment Communities in Atlanta Area

ATLANTA (August 7, 2020) – Berkadia announces it has secured debt for the acquisition of two apartment communities located in Decatur, Georgia. Beacon Real Estate Group, of Coral Gables, Fla., acquired the 168-unit Domain at Cedar Creek and 164-unit Gateway at Cedar Brook apartments for a combined $46.1 million. Managing Director Scott Wadler, Senior Managing […]

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August 6, 2020

Commercial Real Estate Professionals Confident in Industry’s Ability to Withstand and Recover from COVID-19 by 2021

Market activity has exceeded expectations despite early concerns, according to Berkadia’s 2020 Mid-Year Powerhouse Poll  NEW YORK – August 6, 2020 – Berkadia’s 2020 Mid-Year Powerhouse Poll finds that the initial concerns about the COVID-19 pandemic’s impact on multifamily real estate have not been realized, and Berkadia mortgage bankers and investment sales experts agree that […]

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August 5, 2020

Berkadia Secures $19 Million in Financing for Hotel Property Outside of Washington, D.C.

WASHINGTON, D.C. – August 5, 2020 – Berkadia announced today the $19 million refinancing secured for Hilton Garden Inn, Crystal City, a full-service hotel in Crystal City, a neighborhood in Arlington, Virginia. Director Matthew Raptosh and Associate Director Connor Wimsatt of Berkadia’s Hotels and Hospitality specialty team secured the loan on behalf of Sound Hospitality. […]

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August 5, 2020

Berkadia Completes Sale of Multifamily Property in Nebraska

CHICAGO and KANSAS CITY, Mo. – August 5, 2020 – Berkadia today announced the sale of Steeplechase on Maple, a 314-unit garden-style multifamily property located in Omaha, Nebraska. Senior Managing Director Alex Blagojevich and Managing Directors Michael Sullivan and Ralph DePasquale, as well Director Parker Stewart of Berkadia’s Mid-Markets Team, completed the sale on behalf […]

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August 3, 2020

Berkadia Secures $24 Million Construction Take-Out Loan for New Georgia Workforce Community

HINESVILLE, GA (August 3, 2020) – Berkadia announces it has procured financing for the recapitalization of Liberty Club Apartments, a new 240-unit, garden-style apartment community located in Hinesville, Georgia. Managing Director Michael Weinberg and Associate Directors Alec Fox and Wesley Moczul of Berkadia’s Orlando office secured the $24.01 million loan on behalf of the sponsor, […]

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