Market Rate
Berkadia Secures Acquisition Loan for AL Community
Senior Managing Directors Charles Foschini and Mitch Sinberg, Managing Director Chris Apone and Associate Director Matthew Robbins arranged the financing for the 244-unit asset.
Phoenix Community Sells for $25M
Investors Capital Group financed the purchase of the 184-unit Class B multifamily asset through a Fannie Mae line of credit originated by Berkadia.
St. Louis-Area Community Opens Doors
ZM Management broke ground on the 381-unit development in 2013. The owner financed construction with two loans totaling $21 million.
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
Berkadia Arranges $37M Loan for WA Community
The company secured the loan through New Jersey-based PGIM Real Estate Finance on behalf of the borrower, Madison VK LLC.
JV Acquires MD Community for $43M
The Donaldson Group, Declaration Capital and Angelo, Gordon & Co. purchased the 288-unit Plaza Towers in Hyattsville. The new owners will implement a capital improvement plan to modernize the property.
Hamilton Zanze Buys Suburban Kansas City Community
The company has entered the Kansas market with the $40.4 million purchase of a 272-unit rental community located in the city’s Overland Park submarket.
NJ Gated Community Commands $18M
The 168-unit Landmark West Apartments in Newton comprises 11 buildings on nearly 14 acres, in the midst of landscaped surroundings, recreational land, state parks and golf courses.
RedHill Realty Purchases $72M WA Community
Berkadia arranged the sale on behalf of FPA MultiFamily in its disposition of MIRO at Dash Point, a 386-unit garden-style property in Federal Way.
Helge Capital Closes $62M in Financing for MA Portfolio
The 19-building multifamily portfolio consists of workforce housing with a combination of market-rate and affordable apartments in Boston and Lynn, Mass.