Berkadia Negotiates Multifamily Property Sale in Vancouver, Washington
Vancouver, WA – November 9, 2026 – Berkadia, a leader in the commercial real estate industry, announced today the sale of Oak Creek, a 180-unit multifamily property in Vancouver, Washington. Associate Director Peter Dudunakis, Senior Director George Pallis, Managing Directors Benjamin Johnson and David Sorensen of Berkadia Seattle led the transaction on behalf of the seller.
“Oak Creek generated significant interest from a variety of investors ranging from local family offices to the most active institutions,” said Dudunakis. “In addition to the location and scale, the assumable HUD financing at a 2.18% rate provided a distinct advantage in today’s uncertain debt environment. With a proven renovation program already in place and opportunity to capitalize on the growing Vancouver market, Oak Creek offered the buyer a compelling opportunity to plant their flag in the Pacific Northwest with their first acquisition in Washington State. We are pleased to have helped bring this transaction to a successful close and congratulate both the seller and buyer on a great outcome.”
Located at 11412 Ne 49th St, Vancouver, Washington the property affords convenient access to Portland and downtown Vancouver. Oak Creek was built in 1987 and features 180-units.
“Oak Creek is the nexus of the qualities we look for in an investment with attractive long-term financing, strong cash flow, and opportunities to improve the property,” said Cortney Nelson, Managing Partner at Chartwell Capital Partners. “Assuming the 2.18% fixed-rate HUD loan allows us to invest in upgrades that enhance the resident experience while building long-term value for our investors.”
Photos available upon request.