Newsroom

June 15, 2022

Berkadia Completes Sale and Secures $31.7 Million in Financing for Multifamily Property in Virginia

WASHINGTON, D.C., NORFOLK, Va. and ATLANTA — June 13, 2022 — Berkadia announced today the sale of and financing secured for Summit Kings Mill, previously named Kendalwood Apartment Homes. Summit Kings Mill is a 170-unit garden-style multifamily property located in Fredericksburg, Virginia. Senior Managing Director Drew White of Berkadia D.C. Metro and Senior Director Carter […]

Read More
June 14, 2022

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 […]

Read More
June 14, 2022

Berkadia Completes Sale and Secures Financing for Multifamily Property in Illinois

CHICAGO and MILWAUKEE – June 13, 2022 – Berkadia announced today the sale of and financing secured for Mandalane, a 264-unit midrise multifamily property located in Wheeling, Illinois. Senior Managing Director Pete Evans of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee completed the sale on behalf of the seller, Illinois-based VennPoint Real […]

Read More
June 14, 2022

Berkadia Completes $30 Million Sale of Multifamily Property in San Diego

SAN DIEGO – June 13, 2022 – Berkadia announced today the sale of Nimitz Crossing, a 36-unit multifamily property located in San Diego, California. Senior Director Tyler Sinks and Managing Directors John Chu and Edward Rosen of Berkadia San Diego completed the $30 million sale on behalf of the seller, California-based Next Space Development. The […]

Read More
June 14, 2022

Berkadia Completes Sale of Multifamily Property in Logan Square Neighborhood of Chicago

CHICAGO and MILWAUKEE – June 14, 2022 – Berkadia announced today the sale of L Logan Square, a 120-unit multifamily property located in Chicago, Illinois. Senior Managing Director Pete Evans, Managing Director Ralph DePasquale, and Director Jack Maloney of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee completed the sale on behalf of […]

Read More
June 13, 2022

Berkadia Adds Senior Director to Investment Sales Platform in Washington, D.C.

D.C. Metro – June 13, 2022 – Berkadia announced today the addition of Senior Director Yalda Ghamarian Howell who will join the investment sales team led by Senior Managing Directors Brian Crivella and Walter Coker as well as Director Bill Gribbin in the D.C. Metro office. Howell will report to EVP and Co-Head of Investment […]

Read More
June 9, 2022

Berkadia Completes $62.15 Million Sale of New Build-for-Rent Community in Metro Phoenix, Arizona

PHOENIX – June 9, 2022 – Berkadia Institutional Solutions announced today the sale of ARISE Litchfield Park, a 135-unit Build-For-Rent (BFR) luxury community located in Litchfield Park, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Managing Director Dan Cheyne, Senior Director Spencer Scott and Director Andrew Curtis of Berkadia Phoenix completed the $62.15 million […]

Read More
June 8, 2022

Berkadia Completes $142 Million Sale and Secures $108.5 Million in Financing for Multifamily Property in Arizona

PHOENIX and IRVINE, Calif. — June 8, 2022 — Berkadia Institutional Solutions announced today the sale of and financing secured for Indian Springs Mesa, a 460-unit garden-style multifamily property located in Mesa, Arizona. Senior Managing Directors Ric Holway and Mark Forrester, Managing Director Dan Cheyne, Senior Director Spencer Scott and Director Andrew Curtis of Berkadia […]

Read More
June 7, 2022

Berkadia Secures $15.2 Million in Financing for 182-Unit Apartment Community in Jeffersonville, Indiana

Jeffersonville, IN – June 7, 2022 – Berkadia announced today the financing of Beech Grove Apartments, a 182-unit, garden-style multifamily property in Jeffersonville, Indiana (Louisville MSA). Managing Director John Schorgl of Berkadia Kansas City secured $15.2 million in acquisition financing through Freddie Mac on behalf of the buyer, California-based Revitate Cherry Tree. The 10-year loan […]

Read More