Berkadia

Aviara Lake Worth
BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Arranges BTR Sale in Palm Beach County

by Lynn Peisner

LAKE WORTH, FLA. — Berkadia has arranged the sale of Aviara Lake Worth, a build-to-rent community in Palm Beach County. The seller was MAG Real Estate & Development of Delray Beach, Florida, and the buyer was Miami-based Corinthian Capital, a Florida-focused commercial real estate investment firm. The sales price was not disclosed. Aviara Lake Worth is a 36-unit townhome community that was built in 2019 on a 3.5-acre site at 3902 Melaleuca Lane in Lake Worth. It consists of three two-story townhome buildings containing 30 three-bedroom units and six four-bedroom …

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Highline-North
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Berkadia Arranges $43.8 Million Sale of Highline North in Asheville

by Lynn Peisner

ASHEVILLE, N.C. — Berkadia has arranged the sale of and financing for Highline North, a 168-unit, garden-style property in Asheville. South Carolina-based Graycliff Capital acquired the asset from North Carolina-based Carlisle Residential Properties for approximately $43.8 million. Berkadia Senior Managing Director Caleb Troop, Director Thomas Colaiezzi and Associate Director Matt Robertson of Berkadia Charlotte led the sale on behalf of the seller. Directors Jeremy Lynch and Jake Adoni of Berkadia’s Philadelphia office secured acquisition financing through Freddie Mac on behalf of Graycliff. The deal closed on May 15. Located at …

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BerkadiaBuild-to-RentInvestment SalesNewsNorth CarolinaSoutheast

Berkadia Arranges Charlotte Area Build-to-Rent Sale

by Lynn Peisner

INDIAN TRAIL, N.C. —Berkadia has arranged the sale of Poplin Trace in Indian Trail, a city about 15 miles southeast of Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reported the asset traded for $31 million. The seller was Arizona-based Belleview. The buyer was not disclosed. As of the date of sale, which was April 22, the property was 93 percent occupied. Poplin Trace offers 99 units, all as three-bedroom townhomes with attached two-car garages. The townhome, build-to-rent community was developed in 2021. Managing Director Caleb …

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Three Bridges affordable housing development
Affordable HousingBerkadiaDevelopmentNew JerseyNewsNortheast

Berkadia Arranges $11.9 Million in LIHTC Equity for New Jersey Development

by Lynn Peisner

READINGTON, N.J. — Berkadia has arranged $11.9 million in low-income housing tax credit equity for Apartments at Three Bridges, an affordable housing development in Readington. Conifer Realty is the developer. Senior Vice President and Head of Acquisitions Chris McGraw of Berkadia Tax Credit Solutions led the financing effort. Apartments at Three Bridges will consist of 80 townhome units across seven buildings. The homes are reserved for tenants earning between 20 and 60 percent of the area median income. Additional financing for the project will include a construction loan through Fulton …

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The Jones at Tysons
BerkadiaInvestment SalesNewsNortheastWashington, D.C.

Hanover Tysons Near D.C. Sells to Mesirow Financial

by Lynn Peisner

TYSONS, VA. — Hanover Co. and PCCP have sold Hanover Tysons, a 412-unit, high-rise property in the Washington, D.C., suburb of Tysons, Virginia. The buyer was Chicago-based Mesirow Financial. The deal closed for an undisclosed cost on Dec. 19, 2024. Senior Managing Director Brian Crivella and Senior Directors Bill Gribbin and Yalda Ghamarian of Berkadia’s metro D.C. office completed the sale on behalf of Hanover and PCCP. Located at 1500 Westbranch Drive, Hanover Tysons, which has been rebranded as The Jones at Tysons, includes studios as well as one-, two-, …

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River Walk Savannah in Savannah, Georgia
BerkadiaFinanceGeorgiaNewsSoutheast

Berkadia Arranges $24.4 Million Refinancing for River Walk Savannah in Savannah, Georgia

by Channing Hamilton

SAVANNAH, GA. — Berkadia has brokered $24.4 million for the refinancing of River Walk Savannah, a 220-unit property in Savannah. Located at 101 Saint George Blvd., the garden-style community was built in 1988. The asset offers one- and two-bedroom units. Amenities include a clubhouse, gated access, pickleball courts, pet park, pool and fitness center. Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins and Hugo Hernandez of Berkadia’s South Florida office arranged the financing on behalf of the sponsor, Vantage Point Acquisitions. Freddie Mac purchased the loan, which carries a five-year …

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3043 S.E. Port St. Lucie Blvd. in Port St. Lucie, Florida
BerkadiaDevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $8.5 Million Sale of 22-Acre Development Site in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has negotiated the sale of a 22-acre site located at 3043 S.E. Port St. Lucie Blvd. in Port St. Lucie. Development firm Ciprés acquired the parcel from Sympatico Real Estate for $8.5 million. Ciprés plans to develop a 324-unit community on the site. A construction timeline for the project was not disclosed. Omar Morales, Jaret Turkell, Roberto Pesant and Yoav Yuhjtman of Berkadia Florida arranged the deal. Javier Herrera of Franklin Street acted as the land lender broker, and Vertix provided acquisition financing.

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BerkadiaCaliforniaInvestment SalesNewsWestern

Berkadia Arranges $24.1 Million Sale of Prosper 89 in Las Vegas

by Channing Hamilton

LAS VEGAS — Berkadia has arranged the sale of Prosper 89, an 89-unit property in Las Vegas. Nevada-based Turtle Bay 89 sold the asset to California-based Benedict Canyon Equities for $24.1 million. Jared Glover of Berkadia Las Vegas facilitated the deal on behalf of the seller. Prosper 89 is located at 10750 El Camino Road. Units come in one- and two-bedroom floor plans and feature private garages. Amenities include a pool, clubhouse, business center, fitness center and open grass areas.

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BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges $97 Million Construction Loan for The Carlton at Robinson Gateway in Palmetto, Florida

by Channing Hamilton

PALMETTO, FLA. — Berkadia has negotiated a $97 million construction loan for The Carlton at Robinson Gateway, a 610-unit development in Palmetto. Mitch Sinberg, Bryan Brown, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia arranged the financing through Goldman Sachs Private Bank, a division within its Wealth Management platform. The Mahaffey Apartment Co., the borrower and developer, expects to break ground on the community this summer. Esterline Construction is the general contractor on the project. The Carlton at Robinson Gateway will offer one-, two- and three-bedroom units ranging from …

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Pier 19 Residences & Marina in Miami
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Brokers $54.5 Million Refinancing for Pier 19 Residences & Marina in Miami

by Channing Hamilton

MIAMI — Berkadia has arranged a $54.5 million loan for the refinancing of Pier 19 Residences & Marina, a 199-unit high-rise community located along the Miami River in downtown Miami. Neology Development was the borrower. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia’s Miami office secured the five-year, fixed-rate loan through Apollo. Pier 19 Residences & Marina was built in 2011 as condominiums. Neology Development acquired the asset in 2018 and converted the property into apartments. Monthly rates range from $2,300 to $4,500. Pier 19 Residences & Marina features …

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