Berkadia

D.C.-Based Joint Venture Acquires Compass at City Center in Newport News

by Lynn Peisner January 20, 2026

NEWPORT NEWS, VA. — A joint venture between Washington, D.C.-based Penzance and McLean, Virginia-based Kettler has acquired the 396-unit Compass at City Center in Newport News. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office arranged the sale on behalf of the sellers, C-III Capital Partners and Drucker & Falk. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged an acquisition loan on behalf of Penzance and Kettler. Located at 501-A Waters Edge Drive, Compass at City Center was built in …

January 20, 2026

Berkadia Finance Investment Sales News Northeast Pennsylvania

Alliance Residential, PCCP Acquire Luxor Bala Cynwyd in Philadelphia

by Lynn Peisner January 16, 2026

BALA CYNWYD — Alliance Residential of Scottsdale, Arizona, and Los Angeles-based PCCP have acquired Luxor Bala Cynwyd in the township of Bala Cynwyd 7 miles north of Philadelphia. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged a $37 million acquisition loan from ACRE Capital on behalf of the joint venture buyer. The 173-unit property was developed in 2021 by Westrum Development Co. (the seller) and includes studios and one- and two-bedroom floor plans and amenities such as a pool, fitness center, yoga …

January 16, 2026

Berkadia Investment Sales Nevada News Western

Berkadia Arranges $41 Million Sale of The Element Apartments in Reno, Nevada

by Lynn Peisner January 14, 2026

RENO, NEV. — Berkadia has arranged the $41 million sale of The Element, a 206-unit garden-style apartment community in Reno. The seller was a private Los Angeles-based owner, and the buyer’s identity was kept private. The property was developed between 1975 and 1977. The Element offers one- and two- bedroom floor plans. Amenities include laundry facilities, a pool, a fitness center, a dog park and a grilling and picnic area. Jared Glover of Berkadia Nevada represented the seller.

January 14, 2026

Berkadia Investment Sales News Southeast Virginia

Silver Hills Sells Richmond, Virginia, Property for $65 Million

by Lynn Peisner January 13, 2026

RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024. Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged …

January 13, 2026

3100-3118-Patrick-Henry-Drive-Santa-Clara

Berkadia California Development Investment Sales News Western

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner January 8, 2026

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

January 8, 2026

Berkadia Finance News Northeast Washington, D.C.

Berkadia Arranges $9.5 Million Refinancing for July Residential’s Bonsai Apartments in D.C.

by Lynn Peisner January 8, 2026

WASHINGTON, D.C. — Berkadia has arranged a $9.5 million refinancing loan for July Residential’s Bonsai Apartments, a newly constructed, 41-unit community in Washington, D.C.’s H Street corridor. The lender was Revere Capital, which provided a two-year floating-rate loan. Berkadia’s Mitch Sinberg, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia Boca Raton and Miami, alongside Brian Gould of Berkadia D.C. Metro, arranged the financing. The transaction closed on Dec. 29. July Residential is headquartered in New York City with offices in Washington, D.C., and Boca Raton, Florida. The owner-operator’s portfolio …

January 8, 2026

Berkadia Florida Investment Sales News Southeast

Providence Group Sells Property in Lakeland, Florida

by Lynn Peisner December 29, 2025

LAKELAND, FLA. — National Property Management Associates, based out of Orchard Park, New York, has acquired Village at Lake Highland in Lakeland from Chicago-based Providence Real Estate. The sales price was not disclosed. Cole Whitaker, Jason Stanton and Mary Beale of Berkadia Central & North Florida arranged the sale on behalf of Providence. Located at 2150 Lake Highland Blvd., Village at Lake Highland was built in 2001 and consists of 16 two- and three-story buildings on a 37-acre site. The community offers one-, two- and three-bedroom units ranging from 729 …

December 29, 2025

Berkadia Investment Sales News South Carolina Southeast

Berkadia Arranges $57 Million Sale of Latitude at the Commons in Myrtle Beach

by Lynn Peisner December 25, 2025

MYRTLE BEACH, S.C. — Berkadia has arranged the $57 million sale of Latitude at the Commons, a 288-unit, garden-style property in Myrtle Beach. The seller was Houston-based ApexOne Investment Partners. The buyer’s identity was not disclosed. Trammell Crow Residential developed the property in 2009. Located at 2222 Crow Lane, Latitude at the Commons includes one-, two- and three-bedroom units and amenities such as a 24-hour fitness and wellness center with cardio and weightlifting equipment, a clubhouse with a lounge, a billiard and entertainment room, dog park with a wash station, …

December 25, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Arranges $93 Million Sale in St. Petersburg, Florida

by Lynn Peisner November 6, 2025

ST. PETERSBURG, FLA. — Berkadia has arranged the sale of Provenza at St. Pete, which Houston-based Hilltop Residential has acquired and rebranded Palmera Gateway. Momentum Real Estate Partners of Miami was the seller. The asset traded for approximately $93 million. The 308-unit property, 95 percent occupied at the time of sale, was built in 2014 in the Carillon Park mixed-use master-planned development. The garden-style community offers a mix of one-, two- and three-bedroom units ranging from 655 to 1,376 square feet with attached and detached garages available. Amenities include a …

November 6, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Brokers Sale of Two Pensacola Properties

by Lynn Peisner November 5, 2025

PENSACOLA, FLA. — Berkadia has arranged the sale of Atwood Oaks and Davis Gardens, two vintage communities totaling 211 units approximately 2 miles apart in Pensacola. Atlanta-based Tioga Capital acquired the 136-unit Atwood Oaks, while an undisclosed LLC out of Cantonment, Florida, purchased the 75-unit Davis Gardens. Berkadia’s David Etchison and Andrea Kendrick led the transaction. Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises one- and two-bedroom units and such amenities as a pool, a dog park, a courtyard and on-site maintenance. Completed in 1985, Davis Gardens at …

November 5, 2025

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