Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Atwood Oaks and Davis Gardens, two vintage apartment communities totaling 211 units located approximately two miles apart in Pensacola, Florida. 

Managing Director David Etchison of Berkadia Central & North Florida and Managing Director Andrea Kendrick of Berkadia St. Louis led the transaction. Tioga Partners IV LP, associated with Tioga Capital of Atlanta, acquired the 136-unit Atwood Oaks, while OM SAI RAM SAI LLC of Cantonment, Florida purchased the 75-unit Davis Gardens. 

“We are excited to announce the successful sale of two properties in Pensacola, Florida, to qualified buyers who see the strength in this vibrant coastal market,” said Etchison. “Pensacola continues to attract significant investment, and the capital improvements planned for these communities will enhance the quality of life for residents and the surrounding community.”

Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises 136 one- and two-bedroom apartments ranging from 795 to 989 square feet. The two-story, wood-frame community spans 6.73 acres and offers 237 parking spaces, a swimming pool, bark park, courtyard, clothing care center, and on-site maintenance.

Completed in 1985, Davis Gardens at 8619 N. Davis Highway features 75 studio, one- and two-bedroom units ranging from 288 to 864 square feet across nine single-story, wood-frame buildings on a 5.1-acre site. Amenities include wooded views, a bark park, barbecue/picnic area, clothing care center, on-site maintenance, and 107 parking spaces.

Both properties are near major employment hubs such as the University of West Florida, Pensacola State College, Baptist Hospital, HCA Florida West Hospital, and Pensacola International Airport. They are within 15 minutes of Downtown Pensacola and the Port of Pensacola and 25 minutes from the area’s renowned beaches.

Located along the Alabama state line, the Pensacola–Ferry Pass–Brent, FL Metropolitan Statistical Area (MSA) – part of the Emerald Coast – boasts a population of approximately 542,000 residents. The market continues to draw new residents each year thanks to its dynamic economy, driven by military and defense sectors, expanding global trade, and a thriving tourism and hospitality industry.

Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Bridgewater Grand, a 300-unit multifamily community located in Lakeland, Florida, approximately 45 minutes between Tampa and Orlando.

Managing Director David Etchison, Senior Managing Directors Cole Whitaker, and Jason Stanton, and Director Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller, TrimCor. Hamilton Point Investments of Old Lyme, Connecticut, purchased the property for an undisclosed price. The deal closed on July 10. The property was 95% occupied at the time of sale.

“Bridgewater Grand presented an opportunity to acquire a newer asset in a secondary central Florida growth market that has close proximity to Tampa and Orlando. Demand drivers include a strong corporate employment along with a large industrial presence,” said Whitaker. “The property also offers the most spacious units in the Lakeland market, giving it a distinct advantage in leasing and resident retention.”

Bridgewater Grand, which began construction in 2020 at 5546 Autumn Ridge Road, is a three-story, garden-style apartment community on 31 acres overlooking a serene lake. The property’s one-, two-, and three-bedroom apartments offer spacious floor plans ranging from 1,219 to 1,853 square feet. Two- and three-bedroom units make up 92% of the unit mix. Units feature granite countertops, expansive kitchens with stainless steel appliances, walk-in glass showers, large laundry rooms with full-size washer/dryer connections, double vanity in master bath, wood-style flooring, vaulted ceilngs on third floors, oversized walk-in closets, private patios/balconies with storage, and private offices in two-bedroom units. The pet-friendly community amenities include 3,500 feet of lake frontage; zero-entry saltwater pool with large sundeck; 24-hour fitness facility; electric car charging stations, car care center and 56 garages available for rent; resident clubhouse with rentable conference room and event space, café bar, business center and TV lounge; playground and bark park; and a maintenance shop.

The property is situated in Polk County, the fastest-growing county in the state, along Central Florida’s I-4 corridor, offering easy access to major metros and world-famous attractions. Greater Lakeland is home to the corporate headquarters of Publix Super Markets Inc., one of the largest grocery store chains and privately held companies in the country. The area is also an e-commerce epicenter, home to distribution centers for FedEx Corporation, Ford Motor Company, Amazon.com Inc., Walmart Inc., Florida Natural Growers, Best Buy Co. Inc., IKEA, and United Parcel Service.

Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce the sale and financing of Sage Creek Apartments, a 120-unit, garden-style multifamily property located in Augusta, Georgia. 

Berkadia Atlanta represented the seller, Jan investor group led by JJM Realty Holdings, LLC, and Berkadia DC Metro secured a $11.375 million Fannie Mae acquisition loan on behalf of the buyer, Blackfin Real Estate Investors, LLC. The full deal team is listed below. 

"The seller did a great job of maintaining the asset and setting up the buyer to implement the next phase of renovation,” said Mike Riley. “Sage Creek’s location, year built, and interior scope make for the ideal light value add play. It was a pleasure working with both parties.” 

“It was a pleasure to work alongside Blackfin Real Estate Investors on their acquisition of Sage Creek Apartments." said Patrick McGlohn. "We focused on structuring the financing to support their investment objectives and on providing guidance throughout the process. We appreciate the trust Blackfin placed in us and look forward to seeing Sage Creek’s continued success.” 

Located at 1315 Marks Church Road, Sage Creek Apartments was thoughtfully crafted to provide residents with exceptional living, enhanced by its central location in Richmond County. Comprised of 120 contemporary units, Sage Creek Apartments offers a distinctive rental experience complemented by a robust amenity package. Featuring granite countertops, stainless steel appliances, wood-look flooring, and a suite of community amenities including a swimming pool, fitness center, and clubhouse, Sage Creek caters to discerning renters seeking both comfort and convenience; the property was constructed in 2016. 

Senior Managing Directors Andrew Mays and Paul Vetter, Senior Director Mike Riley, and Director Ian Shaw represented the seller. The financing efforts were led by Senior Managing Director Patrick McGlohn, Managing Directors Brian Gould and Ted Hermes, Senior Director Miles Drinkwalter, and Associate Director Natalie Hershey. 

Property photos available upon request. 

About Berkadia®: 

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.  

To learn more about Berkadia, please visit www.berkadia.com. 

About Blackfin Real Estate Investors 

Founded in August 2016 by Andrew Buchanan and Doug Root, Blackfin Real Estate Investors is focused on acquiring Class B and Class C value add and core plus apartment communities across the East Coast of the United States. Blackfin’s hands-on asset management approach and full-service general contracting company enable it to take an active and wholistic approach to every aspect of the investment.  Blackfin’s 4 key executives have over 110 years of combined experience and complimentary skills acquiring, financing, renovating, and operating multifamily real estate. Blackfin’s portfolio currently consists of 10,000 units that represent a total asset value of over $2 Billion. The portfolio geography spans from Boston through Florida and includes assets in Boston, Suburban Maryland, Northern Virginia, Richmond, Hampton Roads, Charlotte, Raleigh-Durham, Greensboro, Wilmington, Charleston, Orlando, Tampa, and Nashville. For more information contact 703-778-7641 or visit www.blackfinrei.com.  

Berkadia, a distinguished leader in the commercial real estate sector, announced today that it arranged the sale and financing of WestEnd25 (the “Property”), a 283-unit LEED Gold-certified multifamily asset overlooking Rock Creek Park in Washington D.C.’s West End neighborhood, one of the city’s most prestigious submarkets.

Senior Managing Director Brian Crivella and Managing Directors Bill Gribbin and Yalda Ghamarian of Berkadia DC Metro completed the sale on behalf of JBG Smith, a publicly traded real estate investment trust based in Bethesda, Maryland. JRK Property Holdings, a privately owned real estate investment company headquartered in Los Angeles, acquired the Property for $186 million. Berkadia also secured acquisition financing on behalf of the buyer.

“WestEnd25 is an exemplary high-rise asset situated in one of D.C.’s most prestigious, supply constrained, and high barrier to entry neighborhoods, combined with the elite amenity set and property’s unique unit mix – including 21 penthouses units and 35 park view units – can’t be found anywhere else in D.C.,” said Gribbin. 

This trophy asset represents a noteworthy sale in Washington, DC in 2025 and Berkadia's commitment to delivering exceptional investment opportunities. The Property's strategic location and premium features underscore its significance in the region, setting a benchmark for future transactions. 

“We saw significant interest in this deal due to the Property’s prime West End, DC location and we are thrilled by the potential for continued rent growth in a top-tier submarket,” said Crivella. 

Designed by the renowned architectural firm Shalom Barnes Associates and built in 2009, WestEnd25 is a 10-story property located at 1255 25th Street NW featuring a mix of one-, two-and three-bedroom layouts, including 254 market-rate units, 21 penthouses and 8 affordable units. The Property offers a diverse mix of large unit sizes with an average market rate SF of 969 SF, and with select units including dens and expansive terraces offering park views. The prior owner had demonstrated that strategic value-add upgrades to the residences can command significant premiums, but most units are in unrenovated, 2009 condition. Community amenities include a rooftop pool with sundeck offering 360-degree views of iconic landmarks and monuments, a large fitness center, multiple rooftop decks, a coworking space, and a resident lounge.

WestEnd25 is situated at the nexus of the lively, pedestrian-friendly neighborhoods of Georgetown, Dupont Circle and the bustling Central Business District. The Property is within a 10-minute walk to over 28.7M SF of Class A office and hundreds of major private sector employers offering residents unparalleled access to the region’s top employers and institutions. 

About Berkadia®:

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our client’s assets. 

To learn more about Berkadia, please visit www.berkadia.com.

Berkadia, distinguished leader in the commercial real estate sector, announced today the sale of Addison Landing, a 289-unit multifamily community located in Jacksonville, Florida. Senior Director Greg Rainey, along with Berkadia Central & North Florida, led the transaction on behalf of the seller, WRH Realty of St. Petersburg, Florida. The property was acquired for an undisclosed price by Argyle Real Estate Capital of Tampa, Florida. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler, and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers. 

Berkadia originated a $31.3 million Freddie Mac-backed loan with a 10-year term, floating rate, and 7 years interest-only.  The deal closed on June 12, 2025. The property was 96% occupied at the time of sale. 

“Addison Landing presented a rare opportunity to acquire a well-maintained asset with over a decade of meticulous ownership. The Buyer will have the opportunity to unlock additional value through a light enhancement program, capitalizing on the property’s location in a rapidly growing submarket of west Jacksonville near key demand drivers, including Cecil Commerce Center and the First Coast Expressway,” explained Rainey. “This was a great team effort, and we are proud to have partnered closely with Berkadia’s Florida debt team to bring Addison Landing to a successful close.”

Built in 2007 on a 19-acre site at 9455 103rd Street, Addison Landing is a garden-style multifamily community consisting of 34 two- and three-story buildings. The property boasts 7 different floor plans including one-, two-, three-, and rare four-bedroom units. Average unit size is 1,126 square feet, providing some of the largest apartment floor plans in this submarket. Prior ownership had invested $4.6 million in community enhancements, leaving 241 units (over 80%) in classic condition and ripe for improvements. Select units offer private fenced yards, vaulted ceilings, and lake views. Community amenities include a swimming pool, sundeck, outdoor kitchen and poolside lounge; clubhouse with fitness center, kitchen, billiards room, and business center; playground, bark park with dog wash area, pet stations, and package locker system; and detached garages, valet trash and on-site maintenance. 

Addison Landing is 25 minutes from Downtown Jacksonville and 30 minutes from Jacksonville International Airport. The property is conveniently located just minutes from I-295 and the First Coast Expressway, providing convenient access to the entire Jacksonville MSA. The property sits just minutes from the bustling Cecil Commerce Center, which employs over 7,000 employees and includes powerhouse tenants like Boeing, Amazon, and Bridgestone, along with the Naval Air Station Jacksonville (21,000+ employees), and HCA Orange Park Hospital (1,170 employees). 

About Berkadia®:

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.

The Dinerstein Companies will build the first BTR community in Bexley

Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of a 28.5-acre, fully entitled, low-density multi-housing development site located in Bexley, a renowned master-planned community approximately 30 minutes north of downtown Tampa, Florida.

Senior Managing Director Matt Mitchell and Director Chris Burtner of Berkadia Central & North Florida led the transaction on behalf of the seller, Brookfield Residential Land. Maymont Homes, headquartered in Charleston, South Carolina, acquired the property for an undisclosed price. Dinerstein Companies plans to build a 250-unit build-to-rent community on the site. The deal closed on June 12. 

“This will be the first build-to-rent community in Bexley, an award-winning master-planned community recognized for its upscale residential neighborhoods, excellent schools, and extensive network of parks and trails,” explained Mitchell. “Demand for rental housing in this section of Pasco County is expected to outweigh supply as the area continues to attract significant population and job growth.”

The Dinerstein Companies, in partnership with Maymont Homes, has planned for the site to include a mix of two- and three-bedroom residences featuring private yards, attached garages, and access to high-end amenities such as a clubhouse, fitness center, neighborhood parks, and a resort-style swimming pool.

“We are thrilled to bring a unique housing solution to individuals and families in Pasco County,” said Brad Dinerstein, Managing Partner of The Dinerstein Companies. “This community will provide the privacy and space of a traditional home, combined with the ease and convenience of professional property management.”

Maymont Homes expects to start pre-leasing in late spring 2026, with the first homes available for move-in by the fourth quarter of that year.

“At Maymont Homes, we are committed to delivering more than just housing. We aim to create communities that feel like home,” said Travis Blum, Vice President of Community Investments at Maymont Homes. “We appreciate our partnership with Berkadia and The Dinerstein Companies which will allow us to bring our resident-first approach to Bexley and offer a thoughtfully designed living experience that emphasizes comfort, privacy, and convenience.”

The development site is located near the intersection of Bud Bexley Parkway and Sunlake Boulevard in the Land O’ Lakes area of Pasco County. It is adjacent to a 41-acre parcel planned for future retail development. Sunlake Boulevard, which forms the site’s eastern boundary, is scheduled for a future extension that will connect the area to the new Moffitt Cancer Center Pasco Life Sciences Campus and the Angeline master-planned community.

Bexley, which began construction in 2016, is a joint venture between North America Sekisui House and Brookfield Residential Land. Together, the partnership manages more than 20 successful communities in top real estate markets across the country.

About Berkadia®:

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.