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From the Newsroom
November 11, 2021
Berkadia Institutional Solutions Completes $65 Million Sale of Multifamily Property in Illinois
CHICAGO and MILWAUKEE – November 10, 2021 – Berkadia Institutional Solutions announced today the $65 million sale of The Reserve at Evanston, a 193-unit midrise multifamily property located in Evanston, Illinois. Senior Managing Director Pete Evans of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee completed the sale on behalf of the seller, North Carolina-based Barings, and the…
November 11, 2021
Berkadia Secures Over $22 Million in Financing for Multifamily Property in Chicago
INDIANAPOLIS — November 12, 2021 — Berkadia announced today the financing secured for Park Heights at the Lake, a 106-unit high-rise multifamily property in Chicago, Illinois. Managing Director Jason Brown and Senior Real Estate Analyst Austin Katai of Berkadia Indianapolis secured the $22.575 million in permanent refinancing on behalf of the borrower, Indianapolis-based Zidan Management Group. The deal closed on…
November 11, 2021
Berkadia Arranges Sale of New Multifamily Community Near Florida’s Turnpike in Miramar
The 380-unit LUMA at Miramar, completed in 2019, sold to a REIT for $133 million MIAMI (November 11, 2021) – Berkadia announces it has arranged the sale of LUMA at Miramar, a new 380-unit, garden-style multifamily community located in Miramar, Florida. Senior Managing Directors Roberto Pesant, Jaret Turkell and Charles Foschini, along with Associate Omar Morales and Senior Analyst Jose…