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From the Newsroom
November 14, 2018
Berkadia Completes $30.5 Million Sale of Multifamily Property in Southern California to Ohio-Based Klingbeil Capital Management
IRVINE, Calif. – November 15, 2018 – Berkadia today announced the recent $30.5 million sale of The Enclave at Town Square, a multifamily property in Chino, California. Managing Directors Jeff Rowerdink and Joe Leon of the Irvine, California office completed the sale on behalf of the seller, San Mateo, California-based Essex Property Trust, Inc. The […]
November 13, 2018
DETROIT – November 13, 2018 – Berkadia today announced a combined $108.33 million in financing for two garden-style multifamily properties in Wyoming, Michigan and Grandville, Michigan. Senior Managing Director Peter Benedetto of the Detroit office secured the acquisition financing for both properties through Fannie Mae on behalf of Torchlight Investors. The deals closed on October […]
November 13, 2018
LOS ANGELES – November 13, 2018 – Berkadia today announced the $20.5 million sale of Bayridge Apartment Homes, a garden-style condo-mapped multifamily community in San Pedro, California. Managing Director Jim Fisher and Senior Director Mike Smith of Berkadia’s Los Angeles office—who previously sold the property to Los Angeles-based TruAmerica Multifamily as part of a 14-property […]