Berkadia Secures Financing for Student Housing Property in Alabama
IRVINE, Calif. – June 13, 2022 – Berkadia announced today the financing secured for The Walk, a purpose-built student housing property located in Tuscaloosa, Alabama. Ed Kim and Jie Lee of Berkadia Irvine secured the permanent acquisition financing on behalf of the borrower, California-based Versity Invest, LLC. The deal closed on April 29. The seven-year […]
Berkadia Secures Preferred Equity Partner for Recapitalization of 1,350-Bed Student Housing Portfolio
A private equity fund provided $22M for the recap of two student housing properties in Upstate New York, and one in Wilmington, North Carolina NEW YORK (February 14, 2022) – Berkadia announces it has secured a preferred equity partner for the recapitalization of a 499-unit/1,350-bed student housing portfolio owned by OC Ventures, a vertically […]
Berkadia Arranges $62M Stretch Senior Loan for Acquisition of 568 Bed Student Housing Property in Baltimore
PIMCO provided the loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property near the main entrance of Johns Hopkins University Baltimore, MD (November 23, 2021) – Berkadia announces it has secured a $62 million stretch senior loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property […]
Berkadia Completes Sale and Secures $100 Million in Financing for Student Housing Portfolio in Virginia
NEWPORT NEWS, VA — June 25, 2021 — Berkadia announced today the sale of and financing secured for a three-property student housing portfolio in Blacksburg, Virginia. The properties in this portfolio included Hunters Ridge, Maple Ridge Townhomes and Collegiate Suites of Blacksburg. Senior Director David Hudgins of Berkadia Newport News completed the sale on behalf […]
Berkadia Completes Nearly $250 Million in Combined Sales of Nine Student Housing Properties Across the US
DETROIT, CHICAGO, HOUSTON and CHARLESTON, S.C.– February 2, 2021 – Berkadia today announced $247.3 million in combined sales of nine student housing properties totaling 4,376 beds. The various assets serve University of Notre Dame, Wright State University, Clemson University and Montana State University. Senior Managing Directors Kevin Larimer and Brandon Buell of Berkadia’s Student Housing […]
Berkadia Scores $23 Million Loan for Student Housing Complex at Florida State University
Tallahassee, Fla. (September 14, 2020) – Berkadia announces it has secured a $23 million loan to refinance a construction loan for CollegeTown II, a mixed-use development consisting of student housing, retail and parking located in downtown Tallahassee, Florida. Managing Director Brad Williamson of Berkadia’s Miami office arranged the loan on behalf of Seminole Boosters, the […]
Berkadia Adds Senior Managing Director Brandon Buell to Student Housing Investment Sales Team
Houston, TX – July 13, 2020 – Berkadia today announced the addition of Senior Managing Director Brandon Buell to its Student Housing Group’s investment sales platform. He will be partnering with Senior Managing Director Kevin Larimer. Buell will be based in Berkadia’s Houston, Texas office and will report to SVP and Head of Investment Sales […]
Berkadia Completes Sale of Multifamily Property in Michigan
CHICAGO and DETROIT – June 15, 2020 – Berkadia today announced the sale of Towne Square Apartments and Townhomes, the first 532-unit property of a 670-total-unit two-property portfolio in Lansing, Michigan. The second property is slated to close later this year. Senior Managing Director Kevin Dillion, Managing Directors Jason Krug and Rick Vidrio, Senior Director […]
Berkadia Secures Over $31 Million in Financing for Student Housing Property in Texas
BIRMINGHAM, Ala. – May 15, 2020 – Berkadia announced today the financing secured for The Junction at College Station, a student housing property in College Station, Texas. Managing Director Thomas Genetti of Berkadia’s Birmingham, Alabama office secured the $31.7 million, 10-year term permanent financing for the property on behalf of the borrower, an undisclosed entity, […]
Berkadia Secures Over $15 Million Fannie Mae Loan on Multifamily Property in Grand Rapids, Michigan
DETROIT – April 15, 2020 – Berkadia today announced the $15.1 million loan with Fannie Mae secured for Lofts on Alabama, a Class-A apartment community in Grand Rapids’ West Side neighborhood. Director Aaron Moll of Berkadia’s Detroit office secured the permanent financing on behalf of an undisclosed entity and the deal closed on April 3. […]