Property Acquisitions and Dispositions
Berkadia has arranged the sale and financing of Abbington Crossing, a 468-unit apartment community located in Charlottesville, Virginia. Senior Managing Director Drew White, Senior Director Carter Wood and Director Cole Carns of Berkadia DC Metro, Norfolk, and Richmond, respectively, represented the seller, Weinstein Properties.
This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it. and Jerad Roberts of Northcap Commercial are pleased to announce the recent off-market sale of the 2500 E. Fremont Street Apartments for $2,200,000 ($68,750/unit). This sale consisted of 32 units built in 1954, located at 2500 E. Fremont Street in Las Vegas, Nevada. The property was delivered vacant at time of sale.
Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida.