Tavalo Tradition, Port St. Lucie FL | Financed by Berkadia 2023

Berkadia Arranges $37.5MM in Acquisition Financing for Tavalo Tradition, A New Built-To-Rent Single Family Community in Port St. Lucie, Florida Port St. Lucie, Fla. (September 14, 2023) – Berkadia announces it has arranged the acquisition financing for Tavalo Tradition, a 216-townhome build-to-rent community located on one of the last developable parcels of land within the […]

FirstStreet at Happy Valley, Phoenix AZ | Sold by Berkadia 2023

Berkadia Completes $87.85M Sale of Single-Family Built-For-Rent Property in Arizona  PHOENIX – August 30, 2023 – Berkadia announced today the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent, multifamily property in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Managing Director Dan Cheyne, Senior Director Spencer Scott, and Director Andrew Curtis […]

Rising Single-Family Rental and Built-For-Rent Market

Despite fluctuating interest rates over the past year, housing demand has continuously exceeded the amount of available supply on the market. Given the strong housing demand and temperamental economy, homebuilders continue turning to built-for-rent (BFR) options. The new built-for-rent product is considered safer and better performing as the industry accommodates people who are choosing to rent rather than […]