Berkadia

Two-Clinton-Park-New-Rochelle
BerkadiaFinanceNew YorkNewsNortheast

Berkadia Arranges $126.4M ReFi for Two Clinton Park in New Rochelle, New York

by Lynn Peisner

NEW ROCHELLE, N.Y. — Berkadia has arranged a $126.4 million refinancing loan for Two Clinton Park, a 28-story, 390-unit luxury tower in New Rochelle that was completed in 2024. The Westchester County community is 93 percent occupied. RXR and Bridge Investment Group were the borrowers for the Fannie Mae near-stabilization loan. Located at 50 Clinton Place, Two Clinton Park features studios and one- and two-bedroom units ranging from 461 to 1,197 square feet as well as penthouse residences. Amenities include coworking lounges, a fitness center, hot tub and sauna, screening …

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Render-Legacy-Trail-Nokomis
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $82.1M Refinancing for Crescent Communities’ Render Legacy Trail in Sarasota County

by Lynn Peisner

NOKOMIS, FLA. — Berkadia has arranged an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit property that borrower Crescent Communities completed in 2024. Berkadia D.C. Metro’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham arranged the financing through lender Benefit Street Partners. Render Legacy Trail is situated on approximately 18 acres at 15560 Render Way. The property offers a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style saltwater pool with cabanas, outdoor grilling and dining areas, a clubroom with coffee bar, …

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Aberdeen-Arms-Elizabeth
BerkadiaInvestment SalesNew JerseyNewsNortheast

Berkadia Arranges $8.8M Sale of Aberdeen Arms in Elizabeth, New Jersey

by Lynn Peisner

ELIZABETH, N.J. — Berkadia has arranged the sale of Aberdeen Arms Apartments, a 52-unit garden-style community in Elizabeth. The asset sold for approximately $8.8 million, trading between two unnamed, New Jersey-based entities. The seller owned the property for about 20 years. Nat Gambuzza, Trevor Fiebel and Nick Balancia of Berkadia Morristown led the transaction on behalf of the seller. Aberdeen Arms is located at 730-734 North Broad St. and was built in 1965. The property features 10 one-bedroom and 42 two-bedroom units as well as surface parking and a common-area …

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south-pointe-Miami
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $21.5M Refinancing For 170-Unit Miami Community

by Lynn Peisner

MIAMI — Berkadia has arranged a $21.5 million loan on behalf of Rental Asset Management (RAM) to refinance South Pointe Apartments, a 170-unit community located in the West Perrine neighborhood of Miami. Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson and Hugo Hernandez of Berkadia Boca Raton secured the financing on behalf of RAM, a Fort Lauderdale, Florida-based multifamily owner and operator. The five-year, fixed-rate Fannie Mae loan features full-term interest-only payments and a 35-year amortization schedule. Located at 17800 SW 107th Ave., the 1971-built development is a two-story, garden-style …

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Chicora-Apartments-Myrtle-Beach
BerkadiaInvestment SalesNewsSouth Carolina

Marcus & Millichap Arranges $3.6M Sale of Myrtle Beach Asset

by Lynn Peisner

MYRTLE BEACH, S.C. — Marcus & Millichap has arranged the sale of Chicora Apartments, a 34-unit community in Myrtle Beach. The asset traded for $3.6 million. Neither party to the transaction was named. Will Graves Jr., Ryan Lipomi and Carson Ford of Marcus & Millichap represented the seller. Built in 1963, the property is located at 501 38th Ave. North on a 1.9-acre lot. The community totals approximately 31,000 rentable square feet and includes one-, two- and three-bedroom apartments with an average unit size of 912 square feet.

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White Matt Berkadia Multifamily Atlanta
Affordable HousingBerkadiaContent PartnerFeaturesFinanceIndustry ContentMidwestNortheastSoutheastTexasWestern

How Distress, Debt Assumptions Are Rewriting Multifamily Pricing in Metro Atlanta

by Sarah Daniels

— By Matt White, managing director, Berkadia Across Metro Atlanta, distress and loan assumptions are no longer edge cases — they’re driving a meaningful share of multifamily transaction activity and quietly resetting the market’s pricing benchmarks. Deals that can successfully navigate legacy debt structures, rising operating costs and shifting return expectations are revealing where true clearing values lie and which capital stacks still work in today’s environment. The same forces driving distress in Dallas, Phoenix and Austin — floating-rate and bridge debt maturities, late-cycle construction and operating cost inflation — are …

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Enclave-Rigden-Farm-Fort-Collins
BerkadiaColoradoInvestment SalesNewsWestern

Avanti Residential Buys Enclave Rigden Farm in Colorado for $40.8M

by Lynn Peisner

FORT COLLINS, COLO. — Berkadia has arranged the $40.8 million sale of Enclave Rigden Farm, a 105-unit rental townhome community in Fort Collins. Berkadia’s Denver-based team, led by Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster, represented the seller, Granite Capital Group, a Santa Barbara, California-based commercial real estate investment firm. Avanti Residential, a multifamily owner-operator based in Denver, was the buyer Located at 2758 Iowa Drive, the property was built in 2007 and features 105 townhomes with direct access to garages and private patios.

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Green-Tree-Place-Houston
Affordable HousingBerkadiaInvestment SalesNewsTexas

Berkadia Brokers Sale of Green Tree Place in Houston

by Lynn Peisner

HOUSTON — Berkadia has arranged the sale of Green Tree Place, a 200-unit garden-style property in West Houston. California-based Kairos Investment Management sold the asset, built in 1984, for an undisclosed price. The buyer was Aligned Ventures, a Texas-based investment firm focused on acquiring and operating workforce housing. Berkadia’s Houston-based team representing Kairos was led by Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney and Jed Dalton.

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Retreat-at-the-Park-Burlington
BerkadiaInvestment SalesNewsNorth CarolinaSoutheast

Carter Exchange Sells Burlington, North Carolina, Property for $48M

by Lynn Peisner

BURLINGTON, N.C. — Florida-based Carter Exchange has sold Retreat at the Park, a 249-unit community in Burlington, to Colorado-based Grimley Capital for $48 million. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia Charlotte arranged the sale on behalf of Carter Exchange.  Brian Huff of Berkadia Denver secured acquisition financing for Grimley Capital. The property was developed in 2015 and contains one-, two- and three-bedroom units and amenities such as a fitness center with cardio and weightlifting equipment, a resident clubhouse with a lounge and café, a game …

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Exchange-at-the-Beach-Panama-City
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $42.5M Refinancing for Panama City Beach Property

by Lynn Peisner

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million on behalf of JSB Capital for the refinancing of Exchange at the Beach, a 232-unit property in the Upper Grand Lagoon neighborhood of Panama City Beach. The financing package consists of a $29 million Freddie Mac loan and $13.5 million in preferred equity. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia Miami arranged the financing. Exchange at the Beach was developed in 2022 and is comprised of one- and two-bedroom units and amenities that include a pool …

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