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From the Newsroom
August 18, 2021
Berkadia Completes Over $85 Million Sale of Multifamily Portfolio in Washington
SEATTLE – August 18, 2021 – Berkadia today announced the sale of a two-property multifamily portfolio in Washington, consisting of The Row and The Union. Senior Managing Director Kenny Dudunakis, Senior Directors David Sorensen and Ben Johnson and Associate Director George Pallis of Berkadia Seattle completed the $85.45 million sale on behalf of the seller, California-based Gelt Inc. The deal…
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…