Alta Winter Garden, opened in October of 2021, is the first institutional-quality apartment development within the historic City of Winter Garden

ORLANDO (May 17, 2022) – Berkadia announces it has arranged the sale of Alta Winter Garden, a 250-unit Class AAA trophy garden multifamily community in the Winter Garden submarket of Orlando, Fla. Managing Director Brett Moss, Associate Director Tyler Swidler and Senior Managing Director Matt Mitchell of Berkadia Orlando and Tampa represented the seller, Atlanta-based Wood Partners, one of the nation’s leading multihousing developers and managers. CONTI Capital, a real estate investment company based in Dallas, Texas, acquired the property.

“Representing the first institutional-quality apartment development within the City of Winter Garden along with recent modifications to the City’s building codes pertaining to multifamily development, Alta Winter Garden is well-poised to maintain its presence as the premier luxury rental option within the East Plant Street Corridor for the foreseeable future,” said Moss.

Built in 2022 and located at 1223 East Plant Street, Alta Winter Garden offers studio, one-, two- and three-bedroom units ranging from 637 square feet to 1,464 square feet. Individual units feature energy efficient stainless steel Whirlpool appliances, white shaker-style cabinets, matte black cabinet hardware, refrigerators with water and ice dispensers, front control glass top ranges, Nest thermostats, electronic door locks with keyless entry, outlets with USB ports, and kitchen islands, wood-style plank flooring and oversized balconies in select units. The gated controlled-access community amenities include a zero-entry resort-style pool with a sun shelf and poolside cabanas, a game room, fitness center with a virtual training room and TRX equipment, an outdoor pavilion with a beer tap and summer kitchen, a pet park, beer garden, rentable private office pods, study spaces with Wi-Fi, an outdoor lounge area, private detached garages available for rent and valet waste services.

Located at the doorstep to Winter Garden’s vibrant and walkable Downtown Historic District, the property is a short distance from award-winning shops, eateries and entertainment, immersed in old-Florida charm and treasured Orlando history. Furthermore, Alta Winter Garden benefits from strong domestic migration from direct out-of-state population movement with over 20% of on-site residents reporting previous living addresses from outside of Florida. Additionally, the Property is located within 20 minutes of over 4,400 hospital beds and less than 30 minutes from Downtown Orlando and a plethora of other lifestyle drivers.

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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.

© 2022 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC.

Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.

This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

In California,

In Florida, Berkadia Real Estate Advisors LLC conducts business under FL Real Estate Broker License #CQ1043330. Cole Whitaker is the designated broker for the state of Florida, and his license number is #BK3271023. Brett Moss Lic. #SL3320854, Tyler Swidler Lic. #SL3437022, Matt Mitchell Lic. #BK3221815.

Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.

For state licensing details for the above entities, visit: http://www.berkadia.com/legal/licensing.aspx

Infinity BH acquired 160 out of 192 units at the condominium property

 Berkadia announces it has arranged the acquisition of 160 out of a total 192 condominium units at Luna at Hollywood, a four-story condominium property located in a suburban neighborhood in Hollywood, Fla. Director Yoav Yuhjtman, Senior Managing Directors Roberto Pesant and Jaret Turkell, Associate Omar Morales and Senior Analyst Jose Mota of Berkadia Miami marketed the property on behalf of the seller, Prashkovsky Investments USA LLC. Infinity Luna LLC acquired the property and has full control of the homeowners’ association. The property is conveniently located within a 5 minute drive to I-95 and Florida’s Turnpike, and less than one mile from the Tri-Rail Station.

“Besides its central location, Luna at Hollywood benefits from the city’s extensive investment in improving the surrounding area, including public services, parks and streetscaping, combined with the strong demand for housing in Broward County in general,” said Yoav Yuhjtman. “The previous owner had already renovated about a half of the units, so the new owner has an opportunity to finish the capital improvement plan and capitalize on strong rent growth trends.”

“Looking at the current market conditions and given our shift in focus towards development and newer construction acquisitions, we decided it was the right time to sell Luna at Hollywood and move on to our next project” said Adi Karadi, CEO of Prashkovsky Investments USA LLC.

Built in 1968 and located at 3600 Van Buren Street, Luna at Hollywood consists of four 4-story buildings that offer one- and two-bedroom units averaging 1,055 square feet. Individual units feature fully equipped kitchens with upgraded cabinets and newly installed stainless-steel appliances, central air conditioning, new hard surface flooring, linen and walk-in closets, private balconies and patios and on-site maintenance.

Community amenities include two resurfaced swimming pools, a fitness center, clubhouse, storage units and on-site parking and laundry facilities.

Luna at Hollywood is located just a few blocks from both the Hollywood Circle and Hollywood Boulevard. It is close to Memorial Healthcare, Hollywood Hills Plaza, the Orangebrook Golf Course, the Hollywood police station, the Broward College South Campus and within a 30-minute commute to approximately 50 million square feet of office space. .

LaGrange, Ga. (March 17, 2022) – Berkadia announces it has secured a loan for the acquisition of Exchange at 1105, a new Class A 280-unit garden-style multifamily property in LaGrange, Ga., in Troup County. Alliance Bernstein provided the financing.

Managing Director Scott Wadler and Senior Director Matt Nihan of Berkadia Miami arranged financing on behalf of Beacon Real Estate Group, a commercial real estate acquisition and management firm based in Coral Gables, Fla.

“The LaGrange market has seen tremendous large-scale corporate investment and expansion, with accelerated employment opportunities and growth,” said Wadler. “This is a supply-starved market. Troup County has experienced historic undersupply of housing for the last decade where only three institutional-quality multifamily projects have been built in that time.”

Located at 1105 and 1195 S. Davis Road, Exchange at 1105 offers spacious one-, two-, and three-bedroom floor plans, smart lock entry, stainless steel appliances, granite kitchen countertops, soaking bathtubs, walk-in closets and more. Amenities include a clubhouse, state-of-the-art fitness facility, resident lounge with pool table, Wi-Fi enabled clubhouse with business center, dog park with pet spa and designer pool with sun deck.

The property is conveniently located near interstate I-85 and I-185 for an easy commute to major cities such as Atlanta, Newnan, Columbus, and Auburn, Alabama. Troup County is home to a wide range of national and international businesses including Duracell, Kia Motors, ExxonMobil, Kimberly-Clark, Walmart and Dow Jones. Recent corporate additions to Troup County include Hyundai, Amazon, and a recent announcement that Remington is moving into the market.

The Florida-based mortgage banking and investment sales teams completed more than $9 billion in transactions in 2021

Berkadia’s Florida mortgage banking and investment sales teams marked a record-breaking year in 2021. Led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, the mortgage banking team originated $6.1 billion in loans on commercial properties throughout Florida and the rest of the country, breaking the team’s previous record of $3.37 billion in 2019.

In addition, Berkadia Florida’s Investment Sales teams also posted a record-breaking $3.2 billion in property sales in 2021. Berkadia has rapidly expanded its investment sales capabilities over the past three years, adding notable heavy hitters in each market such as Jaret Turkell and Roberto Pesant in Miami; Brett Moss in Orlando; Matt Wilcox in Jacksonville; and most recently (December 2021), Matthew Mitchell in Tampa – an industry veteran who has closed more than $10 billion throughout the course of his career.

Sinberg attributed the growth in deal volume to demographic and behavioral shifts in the wake of the pandemic that made Florida uniquely attractive for multifamily/single-family-rental investors, as well as Berkadia’s longstanding relationship with a broad range of developers, investors and lenders.

“The pandemic accelerated the appetite for well-located multifamily and SFR assets throughout the Sunbelt and specifically in Florida, which attracted more new residents than any other state in 2021,” said Sinberg. “Berkadia’s established agency lending relationships, along with strong relationships with life companies, banks and more than 100 debt funds, all contributed to an outstanding climate for financing multifamily properties in 2021. Although interest rates have risen, we anticipate the appetite for apartment investments in the Southeast and Florida to remain strong from all types of investors on account of strong apartment fundamentals across the board.”

Overall, Berkadia was the nation’s #1 Freddie Mac lender in 2021 and it was also the #3 Fannie Mae lender.

Notable deals closed by the Berkadia Florida teams in 2021 included:

• The $355 million sale and $280.3 million financing (through lender MF1) of a two-property, multifamily portfolio in Fort Lauderdale on behalf of Aventura-based Cardone Capital.
• The $77 million sale of the 175-unit Domio, a mixed-use, new construction property in Wynwood, on behalf of Related Group.
• The $110.5 million sale of Beach Place Apartments in Sunny Isles on behalf of Jamestown.
• A $78.19 million in construction loan for The Julia Residences, a 323-unit attainable luxury mid-rise apartment community in Miami, on behalf of Neology Life Development Group.
• The sale and financing of Wynwood Bay, a 156-unit residential high-rise located in  Wynwood, on behalf of Alta Developers.
• The $91 million financing of two multifamily properties in the Tampa Bay area,  Henley Tampa Palms and Enclave at Northwood, on behalf of buyer 29th Street Capital (29SC).

ORLANDO (January 6, 2022) – Berkadia announces it has secured financing for Eagle Property Capital (EPC) to acquire a two-property multifamily portfolio in Orlando, Florida with a combined total of 310 units. The properties are Carlyle Court and Pendelton Park Villas, located across the street from each other.  EPC will consolidate operations and rebrand the entire community under the name “Sunset Place” and will implement a thorough repositioning strategy for both properties.

Senior Managing Director Mitch Sinberg, Managing Director Matt Robbins and Senior Analyst Abigail Beauchamp of Berkadia Boca Raton, along with Managing Director Brad Williamson of Berkadia Miami, secured the financing on behalf of EPC, a real estate investment manager based in Miami, Florida. These acquisitions mark EPC’s entry into the Orlando market.

Fannie Mae provided the $35 million,10-year loan, with five years of interest only.

 “Carlyle Court and Pendelton Park Villas have quick access to Orlando’s major employment drivers and new ownership can increase income by 30% upon completion of the value-add program,” said Robbins. “We were delighted to help EPC enter the Orlando market and add to their growing Central Florida portfolio with the addition of these assets, which align perfectly with their acquisition strategy.”

Located at 5975 Curry Ford Road, Carlyle Court was built in 1973 and offers 100 units of studio and one-bedrooms ranging from 600 to 625 square feet. Individual units offer wood-style vinyl flooring, ceiling fans, raised-panel cabinetry with new cabinet pulls, stainless steel appliances and screened-in patios and balconies. Community amenities include a swimming pool with a turf sundeck and hammocks, a state-of-the-art fitness center, BBQ and picnic area, business center, attractive courtyard landscaping and on-site laundry facilities and leasing office.

Located at 5953 Curry Ford Road, Pendelton Park Villas was built in 1973 and offers 210 units of studio, one-, two- and three-bedroom single-story villas ranging from 550 square feet to 1,250 square feet. Individual units offer wood-style vinyl flooring, ceiling fans, stainless steel microwaves, raised-panel cabinetry with new cabinet pulls, screened in patios and washer and dryers in all units except the studios. Community amenities include two swimming pools with turf sundecks, BBQ and picnic areas, a dog park, car wash, tennis court, business center and an on-site laundry facility.

Situated in the Orlando metro area, Carlyle Court and Pendelton Park are close to the Orlando International Airport, Florida Mall, the Orlando Regional Medical Center, Downtown Orlando and Keiser University.  

HOUSTON (January 19, 2022) – Berkadia has arranged the contribution and finance of the Southstar Sunbelt Multifamily Portfolio, a four-property portfolio consisting of 1,115 apartment units in Texas and Florida. Senior Managing Directors Chris Curry and Todd Marix, along with Managing Directors Jeffrey Skipworth, Joey Rippel and Chris Young and Director Kyle Whitney of Berkadia Houston, marketed the portfolio on behalf of Southstar Properties. MLG Capital is the buyer.

Senior Managing Director John Koeijmans and Associate Director Austin Blankenship of Berkadia Dallas arranged the financing on behalf of MLG Capital through Fannie Mae for three of the four properties: Parkland at West Oaks, Radius at Shadow Creek and West Creek. MLG Capital assumed the existing loan on Savona Grand.

“Southstar was seeking a tax- deferred exit strategy and was pursuing a contribution to a REIT or Fund, and MLG Capital was looking for assets to seed its Legacy Fund,” said Curry. “Given the uncertainties of future tax policy, we expect that tax deferred transactions and creative exit strategies will be in high demand by family offices and private owners moving forward.”

The properties in the portfolio are:

·         Parkland at West Oaks (323 units) located at 2600 Westhollow Drive in Houston, Tex.

·         Radius at Shadow Creek (350 units) located at 2400 Business Center Drive in Pearland, Tex.

·         West Creek (228 units) located at 2211 Montgomery Park Boulevard in Conroe, Tex.

Savona Grand Apartments (214 units) located at 7132 Colony Club Drive in Lake Worth, Fla.