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November 27, 2017

Berkadia Completes $49 Million Sale and Secures $34 Million in Financing for Arizona Multifamily Property

PHOENIX – November 27, 2017 – Berkadia today announced the sale of Indian Springs Apartments, a garden-style multifamily community in Mesa, Arizona. Senior Managing Directors Ric Holway and Mark Forrester, along with Senior Director Dan Cheyne, completed the $49 million off-market sale on behalf of the seller, Stratford Partners LLC. Managing Director Jeff Stuart of […]

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November 27, 2017

Berkadia Completes $49 Million Sale of Alabama Multifamily Property

BIRMINGHAM, Ala. – November 27, 2017 – Berkadia today announced the $49.1 million sale of The Grand Reserve at Pike Road Apartments, a garden-style multifamily property in the Town of Pike Road, Alabama, a rapidly growing town east of Montgomery. Senior Director David Wilson and Managing Director David Oakley, both of the Birmingham office, completed […]

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November 27, 2017

Berkadia Completes $61 Million Sale of Multifamily Property Outside of Atlanta

ATLANTA – November 27, 2017 – Berkadia today announced the $61 million sale of Ashford Retreat, a multifamily garden-style property in Marietta, Georgia. Managing Directors Andrew Mays and Paul Vetter, Senior Director Judy MacManus and Director Matthew White of Berkadia’s Atlanta office secured the deal on behalf of Washington-based Wilkinson Corporation, and the seller, Radco […]

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November 16, 2017

Berkadia Secures $38 Million in Refinancing for South Carolina Multifamily Community

Greenville, S.C. (Aug. 28, 2017) – Berkadia announces that it has successfully arranged a $38 million refinance loan on behalf of The RADCO Companies for Cobalt Springs Apartment Homes, a 548-unit, garden-style community just outside of Greenville, South Carolina. The property is located at 1712 Pinecroft Drive in Taylors, the largest suburb in the Greenville/Spartanburg […]

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November 14, 2017

Berkadia Secures $41 Million in Financing for Multifamily Property in New Jersey

PHILADELPHIA – November 15, 2017 – Berkadia announced the financing of a $41 million first mortgage for The Woods at Blue Heron Pines, a multifamily community in Galloway Township, New Jersey. Managing Director Jim Badolato and Senior Analyst Patti Henne of Berkadia’s Philadelphia office structured the financing through the firm’s partnership with Freddie Mac. The […]

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November 14, 2017

Berkadia Arranges Acquisition Financing of 732-Bed Student Housing Property at Texas Tech University for XFD Real Estate Partners

LUBBOCK, Tex. – November 15, 2017 –Berkadia has secured a new loan to finance the acquisition of Park East Apartments, formerly 18Nineteen Apartments, a 732-bed student housing community near Texas Tech University, which serves 36,551 students. The property was purchased by XFD Real Estate Partners as part of an upcoming series of planned acquisitions as […]

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November 13, 2017

Berkadia Completes $17 Million Sale of Arizona Multifamily Property

PHOENIX – November 10, 2017 – Berkadia today announced the $17.1 million sale of Olive East Apartments, a 120-unit multifamily garden-style property in Gilbert, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of the Phoenix office secured the deal on behalf of the seller Heritage Square, a Phoenix-based LLC. […]

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October 31, 2017

Berkadia Arranges Unique 11-Year, $43.34 Million Loan to Refinance Newly Built Apartments in Broward County

Margate, Fla. (Oct. 31, 2017) – Berkadia arranged the refinancing of Celebration Pointe, a newly built, 282-unit luxury rental community located in Margate, Florida. The $43.34 million loan assumes a portion of the original construction loan and provides additional financing to cover stabilization of the property, currently 83 percent occupied. Berkadia South Florida Senior Managing […]

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October 27, 2017

Berkadia Secures Financing and Completes Sale of Florida Properties

ORLANDO and TAMPA, Fla. – October 27, 2017 – Berkadia today announced the Florida teams recently secured financing and completed the sale of properties in Florida. Senior Managing Director Marc Sumner secured $27M in financing for the Winter Park Shopping Center in Winter Park, Florida. The 15-year loan was secured through Sun Life Financial. “The […]

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