Archives

Archives

Berkadia Institutional Solutions Completes $325 Million Sale of Multifamily Property in Phoenix

PHOENIX, IRVINE, Calif. and SAN FRANCISCO – March 17, 2022 – Berkadia Institutional Solutions announced today the sale of the largest multifamily asset in the state of Arizona: The 1,222-unit Vaseo Apartments. The seller, a partnership led by DivcoWest and Klein Financial Corporation, was represented by Co-Head of Investment Sales and Head of Berkadia Institutional […]

Berkadia Secures $255 Million in Financing for Multifamily Property in Southern California

SAN FRANCISCO, CA – July 2, 2021 – Berkadia today announced the placement of financing for Park Newport, a 1,306-unit garden-style multifamily property in Newport Beach, California. Managing Director Andy Ahlers of Berkadia San Francisco secured the $255 million in permanent refinancing on behalf of the borrower, Park Newport LP. The deal closed on July […]

Berkadia Secures $75 Million in Financing for Multifamily Property in Virginia

SAN FRANCISCO – December 18, 2020 – Berkadia today announced the financing of Arcadia Run, a mid-rise multifamily property in Manassas, Virginia. Managing Director Andy Ahlers of Berkadia’s San Francisco office secured the $75 million refinancing on behalf of the borrower, California-based Arcadia Run LLC. The deal closed on December 15. The 20-year loan provided […]

Berkadia Completes Combined $47 Million in Sales and Secures $32 Million in Total Financing for Two Multifamily Properties Outside of Phoenix

PHOENIX and SAN FRANCISCO – January 15, 2020 – Berkadia announced today the sale and financing for two multifamily properties, Sunwood Apartments and Cedar Meadows Apartments, both in Peoria, Arizona. Senior Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia’s Phoenix office completed the combined $47 million in sales on […]

Berkadia Secures Over $77 Million in Financing for Multifamily Property in Washington

SAN FRANCISCO – November 8, 2019 – Berkadia announced today $77.4 million in senior debt financing secured for Issaquah Terrace, a garden-style multifamily property in Issaquah, Washington. Senior Managing Director Mitch Thurston and Managing Director Andy Ahlers of Berkadia’s San Francisco office secured the loan on behalf of the sponsor, a private multifamily investment firm, […]

Berkadia Completes Sale and Secures Financing for Class-A Wisconsin Multifamily Portfolio

CHICAGO and SAN FRANCISCO – October 1, 2019 – Berkadia announced today the sale of a portfolio of two multifamily properties totaling 364 units in suburban Madison, Wisconsin. Managing Director Ralph DePasquale, Director Parker Stewart and Senior Managing Director Alex Blagojevich of Berkadia’s Chicago office completed the sale on behalf of the seller, Wisconsin-based Cascade […]