Berkadia announces it has arranged debt financing and secured an equity partner for the acquisition of The Henry at Liberty Hills (formerly known as SYNC at Liberty Hills), a 228-unit luxury garden style community in Houston. Cutt Ableson and Colin Marusak of Berkadia’s Houston office arranged both debt and equity financing on behalf of the sponsor, Momentum Multifamily, a Dallas-based investment group that owns more than 11 properties encompassing over 1,600 units.

JLL Capital Markets handled the sale of the newly developed Kissimmee property 

Greystone, a leading national commercial real estate finance company, has provided a total of $68 million in Fannie Mae financing to acquire a 595-unit multifamily property in Prince Georges County, Maryland. The financing was originated by Dan Sacks and Eric Rosenstock, Managing Directors in Greystone’s New York office, on behalf of Quantum Equities.

Ridge Terrace Condominiums, located at 835 Ridge Avenue in Evanston, Illinois has been listed for sale by multifamily brokerage firm Kiser Group. The 34-unit multifamily property is offered at $7 million. Advisors Andy Friedman and Jake Parker are marketing the property and will lead the Ridge Terrace Condominiums Association through the Section 15 Deconversion sale.

Ridge Terrace is a mid-century building that was built in 1964 as apartments and later converted to condominiums in the 1970s.

“Deconverting Ridge Terrace offers investors the ability to bring online apartment inventory in a stable multifamily market,” said Friedman. “The property’s desirable location, surrounding new developments and built-in student renter-base is a testament to a favorable long-term outlook.” 

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has added 692 units to its portfolio with the acquisitions of The Knolls Apartments and The Crossings Apartments, two multifamily communities in Marietta, Georgia. The properties will be renamed The Everette at East Cobb and The Franklin at East Cobb, respectively, and will undergo an $8 million capital improvements program.

Berkadia announces it has arranged the sale and financing of Turtle Creek, a 128-unit Class A multifamily asset in St. Louis, Mo. Managing Director Ken Aston and Senior Director Andrea Kendrick of Berkadia’s St. Louis office arranged the $24.9 million sale on behalf of the seller, Highgate Capital Group, LLC. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia’s Boca Raton office secured $18.9 million in financing on behalf of the buyer, RM Communities.    

JLL completes Freddie Mac loan for 198-unit multi-housing property in Norwalk 

Kiser Group’s Partners Noah Birk and Aaron Sklar are off to a strong start in 2021 with the sale of five buildings and 127 units, totaling $8,209,500 in sales in the month of January.