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From the Newsroom
May 7, 2021
Berkadia Completes Sale and Secures $43 Million in Financing for Pre-Stabilized New Construction Multifamily Property in Arizona
PHOENIX – May 7, 2021 – Berkadia announced today the sale of and financing secured for Escape at Arrowhead, an under construction, luxury multifamily community featuring 324-units in Glendale, Arizona. Senior Managing Directors Ric Holway, Mark Forrester and Senior Director Dan Cheyne of Berkadia Phoenix completed the sale on behalf of the buyer. The seller was Texas-based Embrey Partners, Ltd.,…
May 6, 2021
Berkadia Completes $49 Million Sale of a Multifamily Property in Arizona
PHOENIX – May 6, 2021 – Berkadia announced today the sale of Bungalows on Pine Cliff, a recently opened 155-unit single family for rent multifamily property in Flagstaff, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia Phoenix completed the $49.25 million sale on behalf of the seller, Arizona-based Cavan…
May 6, 2021
Berkadia Closes $70 Million Multi-Investor LIHTC Fund
PHILADELPHIA, PA – May 6, 2021 – Berkadia announced today the recent closing of Berkadia Affordable Housing West Coast Partners 2021 LP, a $70 million multi-investor Low-Income Housing Tax Credit fund. The fund includes six institutional investors and will support the creation of 312 affordable homes across multiple properties in the state of California. “Berkadia has made significant investments to…