Property Management Deals
ATLANTA (October 13, 2021) -- Berkadia announces it has secured debt for the refinance of The Carter @ 4250, a 300-unit apartment community located in Norcross, Georgia, on behalf of Miami-based One Real Estate Investment (OREI). In addition, Berkadia also sourced a capital group to recapitalize the sponsor’s equity partner.
The Carter @ 4250, located outside of Atlanta, was refinanced with $33.12 in debt and $16.55 million in equity
Expanding its hometown presence, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has taken over day-to-day management of 23 San Diego County multifamily communities totaling 632 units. The apartment portfolio is owned by Positive Investments, Inc. of Arcadia, Calif.
Atlanta (September 2021) –Stonemark recently began managing two multifamily communities in Jackson, Mississippi. Midsouth 301 and Summer Park Apartments have 216 apartments each, for a total of 432 units.
Berkadia announces it has secured a $51 million loan to refinance a 670,890-square-foot office/flex portfolio in Cummings Research Park in Huntsville, Alabama – the second-largest research park in the United States. The three-property portfolio consists of Perimeter Center (two mid-rise office buildings); Progress Center (five single-story office/flex buildings); and 110 Wynn (two single-story office/flex buildings). The portfolio, which sits approximately six miles from downtown Huntsville, is 91 percent leased.
The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.