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Berkadia Arranges Sale Of Multifamily Development Site In Port St. Lucie To Miami Developer

The acquisition marks Ciprés’ second major development project in South Florida and represents a significant expansion northward for the Miami-based company.

Berkadia Completes Sale, Financing Of Value-Add Apartment Complex In Deerfield Beach

Roberto Pesant, Jaret Turkell, Yoav Yuhjtman, Jose Mota, and Omar Morales of Berkadia South Florida led the $24.6 million sale on behalf of the seller. Mitch Sinberg, Brad Williamson, Matt Robbins and Scott Wadler secured $14.76 million in acquisition financing through a bank on behalf of the buyer.

Berkadia Arranges $14.3M Sale Of Approved Development Site In Downtown Coral Gables

The site is expected to complete and obtain master permitting within four months.

Berkadia Arranges $39.5 Sale Of 1-Acre Site Near Brightline In Downtown Miami To New-To-Market Chicago Developer

The property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.

Berkadia Arranges $81.5 Million Sale Of Two Apartment Communities In Palm Beach County

“The Lake Worth submarket remained at 95% occupancy or above in 2020 and is poised for additional rent growth.”

Berkadia Arranges $355M Sale For Grant Cardone’s Purchase Of Two Multifamily Properties

In addition, Berkadia lined up a $280.3 million loan for the acquisition.

Berkadia Arranges $133M Sale Of New Multifamily Community In Miramar

LUMA at Miramar was built in 2019 and stabilized in Q1 2020, with occupancy remaining at or above 90 percent throughout 2020 and 2021. The property was fully occupied at the time of sale.