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September 24, 2021

Berkadia Arranges the Sale and Financing of Two Trophy-Quality Multifamily Properties for Undercover Billionaire Grant Cardone, CEO of Cardone Capital

Cardone Capital acquires Heights Waterworks and 15th Street Flats, two Class A assets with a combined 646 units in the historic Houston Heights neighborhood HOUSTON (September 23, 2021) – Berkadia Institutional Solutions, powered by Moran, announces it has arranged the sale and financing of The Heights Collection, two brand new, trophy-quality residential properties with a […]

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September 22, 2021

Berkadia Secures $26 Million in Financing for Affordable Senior Community in Northern New Jersey

WASHINGTON, D.C. – September 17, 2021 – Berkadia today announced the financing secured for Bella Vista Senior Apartments, a 24-story, 231-unit Affordable housing property located in Union City, New Jersey. Managing Director Laura Smith of Berkadia D.C. Metro secured the $26 million in permanent refinancing on behalf of the borrower, Orlando Partners, LLC. The deal […]

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September 22, 2021

Berkadia Arranges Programmatic Capital Partner for Capstone Communities’ Robust Pipeline of Build-for-Rent Projects

NEW YORK (September 20, 2021) – Berkadia announces it has secured a programmatic capital partner to help Capstone Communities execute its plan to continue developing a pipeline of build-for-rent (BFR) communities across the country. Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick of Berkadia JV Equity & Structured Capital set up the programmatic partner – a […]

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September 22, 2021

Berkadia Sources Programmatic Equity for SB Real Estate Partners’ Acquisition of Apartments in Mesa, Arizona

The 126-unit Renew 3030 community was acquired for $24.3 million Mesa, Ariz. (September 21, 2021) – Berkadia announces it has secured a programmatic capital partner to help SB Real Estate Partners (“SBREP”) expand its multifamily portfolio in the Southwest. Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick of Berkadia JV Equity & Structured Capital arranged joint […]

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September 22, 2021

Berkadia Adds New Investment Sales Team in D.C. Metro

Washington, D.C. – September 22, 2021 – Berkadia announced today the addition of a new investment sales team to its D.C. Metro office, bringing on board Senior Managing Directors Walter Coker and Brian Crivella. Coker and Crivella are regional leaders in multifamily sales, having executed over 200 sale and recapitalization transactions representing in excess of […]

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September 22, 2021

Berkadia Arranges Financing for July Residential’s Acquisition of a 1,275-unit Multifamily Portfolio in Houston

HOUSTON (September 21, 2021) – Berkadia announces it has secured financing for July Residential’s acquisition of a 1,275-unit multifamily portfolio of communities located in Houston, Tex. The five assets in the property, all built between roughly 1976 and 1983, are located in the Westwood and Braeswood/Fondren submarkets of Southwest Houston. Senior Managing Director Mitch Sinberg, […]

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September 20, 2021

Berkadia Institutional Solutions Powered by Moran Completes Nearly $145 Million in Sales for Multifamily Portfolio in Atlanta

ATLANTA — September 17, 2021 — Berkadia Institutional Solutions, powered by Moran, announced today the sale of a two-property multifamily portfolio, consisting of The Mille Brookhaven and TwentyNine24 Brookhaven, located in Atlanta, Georgia. Managing Director Russ Hardy of Berkadia Atlanta completed the nearly $145 million in combined sales on behalf of the seller, California-based FPA […]

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September 20, 2021

Berkadia Completes $39 Million Sale of Multifamily Property in Bloomington, Illinois

CHICAGO — September 20, 2021 — Berkadia announced today the $39.15 million sale of Traditions Bloomington, a 396-unit garden-style multifamily property in Bloomington, Illinois. Managing Director Ralph DePasquale of Berkadia Chicago, and Senior Managing Directors Jeff Irish and Brandon Grisham of Berkadia Affordable Housing, completed the sale on behalf of the seller, Minnesota-based Dominium. The […]

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September 16, 2021

Berkadia Arranges $91.49M Loan for Acquisition of Two Tampa Bay Apartment Communities

29th Street Capital acquired Henley Tampa Palms and Enclave at Northwood for $112 million TAMPA BAY, Fla. (September 16, 2021) – Berkadia announces it has secured $91 million in financing for the acquisition of two multifamily properties in the Tampa Bay area: Henley Tampa Palms, a 315-unit apartment community in Tampa, and Enclave at Northwood, […]

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September 16, 2021

Berkadia Negotiates $4.56 Million Multifamily Sale in Hawthorne, California

EL SEGUNDO, CA – September 16, 2021 – Berkadia announced today the sale of The Franklin Apartments, a 28-unit, garden-style multifamily property in Hawthorne, California. Senior Director Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Hawthorne-based Willie S. Bullock Trust and the buyer, Arcadia-based Positive Investments. The property closed […]

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