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From the Newsroom
August 11, 2021
Berkadia Completes Sale and Secures $43 Million in Financing for Multifamily Property in Austin, Texas
AUSTIN, Texas – August 12, 2021 – Berkadia announced today the sale of and financing secured for Falconhead Apartments, a 248-unit garden-style multifamily property located in Austin, Texas. Managing Director Kelly Witherspoon, Directors Justin Cole and Michael Gonzalez and Associate Director Adam Sumrall of Berkadia Austin, Texas completed the sale on behalf of the seller, Texas-based SWBC Real Estate, and…
August 11, 2021
Berkadia Completes Sale of Multifamily Property in Phoenix
PHOENIX – August 12, 2021 – Berkadia announced today the sale of Brookside, a 204-unit garden-style multifamily property in Phoenix, Arizona. Senior Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia Phoenix completed the sale on behalf of the seller. The buyer was Arizona-based Rise48 Equity, LLC., and the deal closed on July 30. “Brookside Apartments presented a strong value-add opportunity within the expanding West…
August 10, 2021
Commercial Real Estate Professionals Expect Increased Market Activity to Continue After Strong Start to 2021
Professionals say the availability of capital and institutional investor interest will have a significant impact on industry transactions, according to Berkadia’s 2021 Mid-Year Powerhouse Poll NEW YORK – August 9, 2021 – Berkadia’s 2021 Mid-Year Powerhouse Poll finds that overall, the multifamily market continues on a positive trajectory, especially when compared to this time last year. Berkadia mortgage bankers and…