Newsroom

June 22, 2021

Berkadia Adds Head of Operations to Seniors Housing & Healthcare Platform

Boston, MA – June 22, 2021 – Berkadia announced today the addition of Stephanie Anderson as SVP, Head of Berkadia Seniors Housing & Healthcare Operations. Anderson will work alongside SVP and Head of FHA and Berkadia Seniors Housing Finance Steve Ervin. She will be based out of Boston. “Stephanie brings over 25 years of experience […]

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Value-Add Acquisitions
June 21, 2021

Berkadia Closes $45MM Tax Credit Equity Deal in Hawaii

PHILADELPHIA, PA – June 17, 2021 – Berkadia Affordable Housing is pleased to announce the $45MM closing of Halewai’olu Senior Residences, a new construction community in Honolulu, Hawaii. Halewai’olu Senior Residences will be Berkadia’s largest LIHTC equity placement to date.  Once complete, it will provide 156 units to seniors age 62+ earning between 30%-80% AMI. […]

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June 17, 2021

Berkadia Brokers Sale of 315-Unit Apartment Property in Birmingham, Alabama

Birmingham, AL – June 17, 2021— Berkadia announced today the sale of The Point at Oak Mountain, a 315-unit Class B multifamily property in Birmingham, Alabama.  Senior Director David Wilson, Associate Director Caleb Frizzell and Director Steve Nunnelley of Berkadia Alabama arranged the sale on behalf of the seller, Waypoint Residential. Waypoint acquired the property […]

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lender insights roundtable webinar
June 17, 2021

Berkadia Arranges Sale of Bay Harbor Islands Mixed-Use Development Site

David Martin’s Terra acquires the 1.83-acre site at 1177 Kane Concourse from Northwood Investors MIAMI (June 17, 2021) – Berkadia announces it has arranged the sale of a 1.83-acre development site in Miami’s Bay Harbor Islands. Located just west of Bal Harbour Shops, the 1177 Kane Concourse site includes 300 feet of frontage on Kane Concourse and is permitted for a […]

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June 17, 2021

Berkadia Secures $14.3 Million Construction Loan for VA Clinic in Sumter, SC

Sumter, SC (June 16, 2021) – Berkadia announces it has arranged $14.3 million in construction financing for the development of a Veterans Affairs clinic in Sumter, South Carolina, just east of Columbia. Managing Directors Michael Weinberg and Rebecca Van Reken, along with Associate Director Alec Fox of Berkadia Orlando, secured the financing on behalf of […]

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Florida Multifamily Market Holding Steady
June 15, 2021

Berkadia Completes Around $100 Million Sale of Multifamily Property in St. Louis

LOUIS – June 11, 2021 – Berkadia today announced the around $100 million sale of The PARQ at Chesterfield Village, a 345-unit midrise multifamily property in St. Louis. Senior Director Andrea Kendrick, Managing Director Ken Aston and Director Bobby Mills of Berkadia St. Louis completed the sale on behalf of the seller, Indiana-based Watermark Residential, […]

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Indiana market
June 9, 2021

Berkadia Completes $30 Million Sale for Hotel Portfolio in Virginia

ASHBURN, VA — June 9, 2021 — Berkadia announced today the $30 million sale for Embassy Suites and Homewood Suites Dulles North, a 244-room suites product dual brand property in Ashburn, Virginia. Managing Director Dan Hawkins, Senior Director John Testerman and Associate Director John Kluh of Berkadia Hotels & Hospitality completed the sale on behalf […]

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Hotels & Hospitality
June 8, 2021

Berkadia Completes $46 Million Sale of Multifamily Property in Virginia

WASHINGTON, D.C., and RICHMOND, Va. — June 8, 2021 — Berkadia announced today the sale of Spotswood Commons, a 212-unit garden-style multifamily property in Williamsburg, Virginia. Senior Managing Director Drew White of Berkadia DC Metro and Director Carter Wood of Berkadia Richmond completed the $46 million sale on behalf of the seller, Massachusetts-based The Dolben […]

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June 8, 2021

Berkadia Secures Nearly $32 Million in Financing for Multifamily Property in Phoenix

LOS ANGELES – June 8, 2021 – Berkadia today announced the financing secured for Cactus Forty-2, a garden-style multifamily property located in Phoenix, Arizona. Managing Director Allan Freedman of Berkadia Los Angeles secured the $31.9 million in permanent acquisition financing on behalf of the borrower, California-based The Ezralow Company. The deal closed on April 28. […]

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student housing