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November 5, 2020

Berkadia Completes Sale of Multifamily Property in Southern California

MURRIETA, Calif. – November 5, 2020 – Berkadia today announced the sale of The Crossings at Chino Hills, a 346-unit garden-style multifamily property in Chino Hills, California. Senior Director Margie Molloy of Berkadia’s Murrieta, California office completed the sale on behalf of the buyer Irvine, California-based Advanced Real Estate Services. The seller was Utah-based Bridge […]

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November 5, 2020

Berkadia Secures Financing for Multifamily Property in Wichita, Kansas

LOUIS – November 5, 2020 – Berkadia today announced the financing secured for River Vista, a garden-style multifamily property in Wichita, Kansas. Associate Director Pat Garlich of Berkadia’s St. Louis office secured the permanent acquisition financing on behalf of the buyer, Missouri-based Maxus Properties. The deal closed on October 16. “We are pleased to help […]

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November 5, 2020

Berkadia Secures $26 Million in Financing for Multifamily Property in California

LOS ANGELES – November 5, 2020 – Berkadia today announced the $26.3 million in financing secured for Vista Pointe, a garden-style multifamily property located in Murrieta, California. Senior Director Branden McBirney of Berkadia’s Los Angeles office secured the permanent financing for the property on behalf of the California-based borrower, Realty Center Management. The deal closed […]

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November 5, 2020

Berkadia Completes $65.5 Million Sale of Multifamily Property in Tucson, Arizona

TUCSON, Ariz. – November 5, 2020 – Berkadia today announced the sale of Entrada Modern Apartment Homes, a 424-unit garden-style multifamily property in Tucson, Arizona. Senior Managing Director Art Wadlund and Director Clint Wadlund of Berkadia’s Tucson, Arizona office completed the $65.5 million sale on behalf of the seller, Salt Lake City-based Millburn and Company. […]

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November 2, 2020

Berkadia Arranges Sale and Financing of Tampa Apartments

The 264-unit Grand Pavilion sold for $32.77 million to Praxis Capital Tampa, Fla. (November 2, 2020) – Berkadia announces it has arranged the sale and financing of Grand Pavilion, a 264-unit garden-style multifamily community located in Tampa. Senior Managing Director Cole Whitaker and Managing Director Jason Stanton of Berkadia’s Tampa and Orlando offices listed the […]

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October 28, 2020

Berkadia Completes Sale of Four-Property Multifamily Portfolio in Michigan

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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October 28, 2020

Berkadia Secures Nearly $22 Million in Financing for Multifamily Property in Atlanta

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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October 26, 2020

Berkadia Affordable Adds Head of Capital Markets to its Tax Credit Syndication Team

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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