CHARLESTON, W.V.A. — MMG Real Estate Advisors has arranged the sale of Vista View, a 333-unit affordable housing community located at 1300 Renaissance Circle in Charleston. The transaction was handled by MMG’s Kyle Shoemaker and Bill Brading. Vista View is a Housing Assistance Payment (HAP) and Low-Income Housing Tax Credit (LIHTC) property that was sold by Ten South Management. MMG arranged a capital structure that allows the undisclosed buyer to acquire and renovate the property via financing arranged through KeyBank.
West Virginia
MARTINSBURG, W.VA. — Berkadia has arranged the sale of The Meadows at Berkeley Ridge, a 148-unit build-to-rent (BTR) complex located at 368 Pineda Lane in Martinsburg. The buyer was a joint venture between DSP Real Estate Capital and Rockbridge Investment Group. The sales price and seller were not disclosed. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the deal. Additionally, Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer. The Meadows …