Property Acquisitions and Dispositions
West Palm Beach, Fla. - Berkadia has arranged the $48.5 million sale and $35.8 million financing of Viera of the Palm Beaches, a 300-unit multifamily asset located in West Palm Beach. Senior Director Tal Frydman, Director Yoav Yuhjtman, and Associate Director Nicholas Perrone of Berkadia’s South Florida office represented the seller, a joint venture between investment firms Angelo Gordon and McDowell Properties, and the buyer, an affiliate of Axonic Properties, LLC. The same Berkadia investment sales team also brokered the sale of Viera of Palm Beaches previously, in 2016.
Charlotte, N.C. –
FLORHAM PARK, NJ – December 6, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has represented The DSF Group in the $259.4 million sale of Halstead New Rochelle Metro North, a 40-story, 588-unit, Class A apartment tower in New Rochelle, Westchester County, New York.
SAN FRANCISCO, CA – December 6, 2018 – HFF announces the $41.05 million sale of a four-property multi-housing portfolio totaling 201 units in the Sonoma County community of Rohnert Park, California.
FORT LAUDERDALE (December 5, 2018) – Franklin Street has brokered the $1.7 million sale of Victoria Park Villas, a 15-unit boutique multifamily community located at 1020 N Victoria Park Road in the upscale Victoria Park submarket of downtown Fort Lauderdale. The sale represents the third multifamily property sold by Franklin Street this year within the submarket.
SAN DIEGO, CA – December 5, 2018 – HFF announces the $4.4 million sale of 326-340 Palomar Avenue, an eight-unit, garden-style apartment community in La Jolla, California.
DALLAS, TX – December 5, 2018 – Holliday Fenoglio Fowler, L.P. (“HFF”) announces a joint venture equity raise for the acquisition of two adjacent apartment communities in Dallas, Texas, totaling 712 units – Emory at Horizon North and Ashmore at Horizon North.
HOUSTON (December 3, 2018) – Berkadia has arranged the sale and financing of Broadstone Sierra Pines, a 341-unit garden style asset located in The Woodlands area of Houston. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Alliance Residential Company, a real estate investment firm based in Phoenix. Senior Managing Director Tucker Knight and Director Nicholas Murphy of Berkadia’s Houston office arranged the loan on behalf of the buyer, Olympus Property, a Fort Worth based full service multifamily investment and property management organization with 17,000 units across 10 states
CHARLOTTE, NC – December 3, 2018 – HFF announces the sale of Stonehenge Apartments, a 452-unit, garden-style multi-housing community in the North Raleigh submarket of Raleigh, North Carolina.