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From the Newsroom
June 9, 2022
Berkadia Completes $62.15 Million Sale of New Build-for-Rent Community in Metro Phoenix, Arizona
PHOENIX – June 9, 2022 – Berkadia Institutional Solutions announced today the sale of ARISE Litchfield Park, a 135-unit Build-For-Rent (BFR) luxury community located in Litchfield Park, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Managing Director Dan Cheyne, Senior Director Spencer Scott and Director Andrew Curtis of Berkadia Phoenix completed the $62.15 million sale on behalf of the…
June 8, 2022
Berkadia Completes $142 Million Sale and Secures $108.5 Million in Financing for Multifamily Property in Arizona
PHOENIX and IRVINE, Calif. — June 8, 2022 — Berkadia Institutional Solutions announced today the sale of and financing secured for Indian Springs Mesa, a 460-unit garden-style multifamily property located in Mesa, Arizona. Senior Managing Directors Ric Holway and Mark Forrester, Managing Director Dan Cheyne, Senior Director Spencer Scott and Director Andrew Curtis of Berkadia Phoenix completed the $142 million…
June 7, 2022
Berkadia Secures $15.2 Million in Financing for 182-Unit Apartment Community in Jeffersonville, Indiana
Jeffersonville, IN – June 7, 2022 – Berkadia announced today the financing of Beech Grove Apartments, a 182-unit, garden-style multifamily property in Jeffersonville, Indiana (Louisville MSA). Managing Director John Schorgl of Berkadia Kansas City secured $15.2 million in acquisition financing through Freddie Mac on behalf of the buyer, California-based Revitate Cherry Tree. The 10-year loan featured five years of interest…