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January 10, 2022

Berkadia Secures $84M in Stretch Senior Financing for Hotel-to-Multifamily Conversion on Manhattan’s Upper West Side

Developer Emmut Properties will transform the 126-room Excelsior Hotel into a Class A apartment property NEW YORK (January 10, 2022) – Berkadia announces it has secured stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel on Manhattan’s Upper West Side. Emmut Properties acquired the 126-room hotel, which has been […]

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January 7, 2022

Berkadia JV Equity and Structured Capital Marks Record-Breaking Year Capitalizing Over $2B in Property Transactions

2021 was defined by unprecedented investor appetite for multifamily, single-family-rental, and student housing assets NEW YORK (January 7, 2022) – Berkadia JV Equity & Structured Capital, a dedicated team of professionals at Berkadia that focuses exclusively on the equity side of the capital stack, marked a record-breaking year in 2021, having capitalized more than $2 […]

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January 5, 2022

Berkadia Institutional Solutions Arranges Sale and Financing of Hines Multifamily Portfolio in Houston to Kushner Companies

The 1,072-unit, three-property portfolio is Hines’s first suburban multifamily offering and marks Kushner Co.’s entry into the Houston real estate market HOUSTON (January 5, 2022) – Berkadia Institutional Solutions, powered by Moran, announces it has arranged the sale and financing of The Hines Suburban Multifamily Portfolio, three newly built and stabilized institutional-quality apartment communities located […]

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January 5, 2022

Berkadia Negotiates $15.15 Million Multifamily Sale in Denver, Colorado

DENVER, CO – January 4, 2022 – Berkadia announced the sale of The Victor, a 26-unit mid-rise multifamily property in Denver, Colorado. Senior Director Nick Steele and Director Tyler King of Berkadia Denver led the transaction on behalf of the Colorado-based seller. The deal closed December 1. The Victor sold for $15.15 million to a […]

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January 4, 2022

Berkadia Completes Over $26 Million Sale of Multifamily Property in South Carolina

CHARLESTON, S.C. — January 5, 2022 — Berkadia announced today the $26.56 million sale of Bradley Square, a 160-unit garden-style multifamily property located in North Charleston, South Carolina. Managing Director Mark Boyce and Director Blake Coffey of Berkadia Charleston completed the sale on behalf of the seller, Virginia-based Cohen Investment Group. The buyer was California-based […]

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January 4, 2022

Berkadia Completes $20.4 Million Sale of Multifamily Property in South Carolina

CHARLESTON, S.C. — January 5, 2022 — Berkadia announced today the $20.4 million sale of Mayfair Lofts, a 107-unit garden-style multifamily property located in Spartanburg, South Carolina. Managing Director Mark Boyce and Director Blake Coffey of Berkadia Charleston completed the sale on behalf of the seller, Hudson Capital Investments, LLC. The buyer was Texas-based Napali […]

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December 28, 2021

Berkadia Institutional Solutions Completes $73.2 Million Sale of Multifamily Property in Arizona

PHOENIX – January 4, 2022 – Berkadia Institutional Solutions announced today the sale of The Bungalows on Estrella, a 183-unit garden-style multifamily property in Goodyear, Arizona. Senior Managing Director Mark Forrester and Director Andrew Curtis of Berkadia Phoenix completed the $73.2 million sale on behalf of the seller, Arizona-based Cavan Companies, LLC. The buyer was […]

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December 22, 2021

Berkadia Completes Over $27 Million Sale of Multifamily Property in Florida

TAMPA, Fla., ORLANDO, Fla. and JACKSONVILLE, Fla.— December 23, 2021 — Berkadia announced today the $27.25 million sale of The Park at Bergamo, a 244-unit garden-style multifamily property in Holiday, Florida. Senior Managing Director Jason Stanton of Berkadia Tampa, Senior Managing Director Cole Whitaker, Senior Director David Etchison, Director Mary Beale and Associate Director Lauren […]

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