Texas-based investor to execute value-add strategy to put new shine on ‘crown jewel’

Berkadia announces it has arranged $21.5 million in acquisition financing for Charter Landing Apartments, a 332-unit multifamily community in Jacksonville, Florida. Senior Director Brad Williamson of Berkadia’s Miami office secured the loan on behalf of Savlan Capital, a real estate investment firm based in Hollywood, Florida that purchased the property for $28 million. The firm plans to invest $4.3 million in capital improvements throughout the asset. Charter Landing was 90 percent occupied at the time of purchase.

 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2 million sale of a five-unit apartment property situated just one block from Venice Beach and the Boardwalk in Venice, CA.

MORRISTOWN, N.J. – JLL announced today that it has arranged acquisition financing for The Peaks of Nanuet, a 504-unit apartment complex in the suburb of Nanuet, Rockland County, New York.

East Orange, N.J., November 25, 2019 – Within New Jersey’s East Essex cluster of urban municipalities primed for smart-growth and revitalization, Gebroe-Hammer Associates has arranged two separate apartment-property sales spanning the cities of East Orange and Irvington. Executive Managing Director David Oropeza was involved in both transactions while the latter also included Executive Vice President Niko Nicolaou as a member of the brokerage team.

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., This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial, are pleased to announce the recent sale of 4187 & 4203 Silver Dollar Ave Apartments for $1,756,000 ($109,750/unit). This sale consisted of 16 multifamily units built in 1963 located at 4187 & 4203 Silver Dollar Avenue in Las Vegas, Nevada.

DENVER – JLL announced today that it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado.

DALLAS – JLL announced today that it has closed the sale of and arranged financing for The Palace, a 280-unit, garden-style apartment community located in Arlington, Texas.

Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale of 425 Coronado Avenue and 424 Obispo Avenue in the Belmont Heights submarket in Long Beach, CA.