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From the Newsroom
August 17, 2021
Berkadia Arranges Sale and Financing of 1,002-unit Apartment Community in Memphis
Blue Magma Residential acquired the property from CapReit Memphis, Tenn. (August 16, 2021) – Berkadia announces it has arranged the sale and financing of a 1,002-unit apartment community in Memphis, Tennessee. Senior Director Patrick Jordan of Berkadia’s Memphis office represented the seller, CapReit, a leading multifamily real estate company with offices in suburban Washington D.C. and Center City Philadelphia. Blue…
August 17, 2021
Berkadia Completes $46 Million Sale of Multifamily Property in Southern California
SAN DIEGO — August 17, 2021 — Berkadia announced today the $46 million sale of Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore, California. Director Tyler Sinks and Managing Directors Ed Rosen and John Chu of Berkadia San Diego completed the sale on behalf of the seller, California-based Forge Partners. The buyer was Vista Pacific Inc., also based in…
August 17, 2021
Berkadia Secures $20 Million in Financing for Multifamily Property in Illinois
KANSAS CITY, Mo. – August 17, 2021 – Berkadia announced today the financing secured for Metro Apartments at Granite City, a 290-unit garden-style multifamily property in Granite City, Illinois. Managing Director John J. Schorgl of Berkadia Kansas City secured $20 million in permanent refinancing on behalf of the borrower, Missouri-based KH Properties. The deal closed on August 13. The 10-year…