Apartment Construction Timelines Update 2023
The Construction Timelines, February 2023 Research Report provides an overview of the current state of the apartment construction industry in the United States. Before the pandemic, the average construction time for a multifamily housing unit ranged from 16 to 23 months. However, starting as early as April 2020, roughly two-thirds of contractors surveyed began reporting […]
Berkadia Acquires BlueSuit’s Technology Platform
NEW YORK – March 20, 2023 – Berkadia announced today the acquisition of BlueSuit’s technology platform, an AI-driven data extraction solution, specific to commercial real estate documents. As a result of the acquisition, members of BlueSuit will be joining Berkadia and reporting to Chief Technology Officer Gary Mumford. “While many of our competitors are reducing […]
Angelene, Los Angeles, CA | Sold by Berkadia 2023
Berkadia Completes Sale of Multifamily Property in Los Angeles IRVINE, Calif. – March 17, 2023 – Berkadia Institutional Solutions announced today the sale of Angelene, a 179-unit apartment community located in the West Hollywood neighborhood of Los Angeles, California. Managing Director Derrek Ostrzyzek, Senior Managing Directors Tom Moran and Rachel Parsons and Senior Director Mike […]
Solaire Wheaton, Silver Spring, MD | Sold by Berkadia 2023
Berkadia Completes $64 Million Sale of Multifamily Property in Maryland WASHINGTON D.C. – March 9, 2023 – Berkadia Institutional Solutions announced today the sale of Solaire Wheaton, a 232-unit multifamily property located in Silver Spring, Maryland. Senior Managing Directors Walter Coker and Brian Crivella and Director Bill Gribbin of Berkadia DC Metro completed the $64 […]
Havenly Fountain Hills, Fountain Hills, AZ | Sold and Financed by Berkadia 2023
Berkadia Completes $68.3 Million Sale and Secure Financing for Build-for-Rent Community in Arizona PHOENIX and SCOTTSDALE, Ariz. – March 6, 2023 – Berkadia announced today the sale of and financing secured for Havenly Fountain Hills, a new and recently stabilized 147-unit build-for-rent (BTR) community located in Fountain Hills, Arizona. Senior Managing Director Mark Forrester of […]
Houston Multifamily Outlook: Investor Appetite Strong Despite Lack of Liquidity
Last year was one of the most active years on record for the Houston metro area – and our team certainly enjoyed it. We closed 183 multifamily sales in 2022 for a cumulative deal volume of more than $5.6 billion – a record for the Berkadia Houston office. While the steep rise in interest rates […]