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Junction at College Station
NewsTexas

Berkadia Provides $31.7 Million Freddie Mac Loan for Student Housing Property in College Station

by Katie Sloan

College Station, Texas — Berkadia has provided $31.7 million in Freddie Mac permanent financing for The Junction at College Station, a student housing community located about five miles from Texas A&M University. The property consists of three-, four- and five-bedroom cottages and townhomes. Amenities include a pool, volleyball court, clubhouse, fitness center, business center and shuttle service to campus. Thomas Genetti of Berkadia arranged the 10-year loan on behalf of the undisclosed borrower.

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FinanceGeorgiaInvestment SalesNewsOff-campus

Berkadia Arranges Financing, Sale of 709-Bed Community Near Georgia Southern

by Katie Sloan

Statesboro, Ga. — Berkadia has arranged the sale of and financing for 111 South, a 709-bed student housing community located near Georgia Southern Unversity in Statesboro. Kevin Larimer, Greg Gonzalez and Judy MacManus of Berkadia arranged the sale on behalf the seller, a partnership between Artemis Real Estate Partners and The Preiss Co. The community was acquired by Centurion Property Group for an undisclosed price. Pete Benedetto and Aaron Moll of Berkadia secured financing for the transaction in the form of a bridge loan from Basis Investment Group on behalf …

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FeaturesNews

Berkadia: Interest Rates, Election Campaign Will Have Greatest Impact on Multifamily in 2020

by Katie Sloan

Commercial real estate experts at Berkadia are bullish on the multifamily industry moving into 2020, according to findings from the 2020 Outlook Powerhouse Poll, which surveyed 150 of the firm’s investment sales brokers and mortgage bankers in December 2019 on their outlook for the year ahead. Both investment sales brokers and mortgage bankers pointed to interest rates and the presidential election as having the greatest potential impact on multifamily investment and financing in 2020. While 91 percent of mortgage bankers expect Government-Sponsored Enterprises (GSEs) such as Fannie Mae, Freddie Mac …

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Investment SalesNewsTexas

Berkadia Arranges Sale of 515-Bed Community Near Texas State University

by Katie Sloan

San Marcos, Texas — Berkadia has arranged the sale of The Lyndon at Springtown, a 515-bed student housing community located near the Texas State University campus in San Marcos. The property offers a mix of one-, two- and four-bedroom units alongside shared amenities including study suites, an indoor and outdoor fitness center, a pet park, recreation room and resort-style swimming pool. Kevin Larimer, Greg Gonzalez, Kelly Witherspoon, Justin Cole and Michael Gonzalez of Berkadia represented the seller, Austin-based Endeavor Real Estate Group, in the transaction. Harrison Street acquired the property …

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AlabamaInvestment SalesNews

Berkadia Arranges $5.1 Million Sale of Student Housing Community Near Jacksonville State University

by Katie Sloan

Jacksonville, Ala. — Berkadia has arranged the $5.1 million sale of Park Place Apartments, a student housing community consisting of three buildings located near Jacksonville State University in Alabama. Caleb Frizzell of Berkadia arranged the disposition of the community to Hubbard Properties on behalf of the seller, Southside Apartment Company. Birmingham, Alabama-based ServisFirst Bank secured debt for the transaction.

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Investment SalesKansasNewsOff-campus

Pebb Capital Sells 647-Bed Community Near the University of Kansas

by Katie Sloan

Lawrence, Kan. — Pebb Capital has sold The Rockland, a 647-bed student housing community serving students at the University of Kansas in Lawrence. The community offers one- and two-bedroom units. Shared amenities include a resort-style pool and hot tub; a 24-hour business center and fitness center; a common room with a gaming station and pool table; tanning facilities; an outdoor barbecue area with a fire pit; a coffee bar; indoor and outdoor basketball courts; and a dog park. NB Private Capital acquired the property for an undisclosed price. Kevin Larimer …

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ArizonaFinanceInvestment SalesNews

Berkadia Arranges $22 Million Acquisition Financing for 164-Unit Community Near Arizona State

by Katie Sloan

Tempe, Ariz. — Berkadia has arranged $22 million in acquisition financing for MarQ at 1st, a 164-unit community located one mile northwest of the Arizona State University campus in Tempe. Scott Holland and Jeremy Hammill of Berkadia Commercial Mortgage secured the loan through NXT Capital. Terms of the financing and the identity of the borrower were undisclosed. The community offers shared amenities including two swimming pools, a 24-hour fitness center and outdoor picnic and barbecue areas. 

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Investment SalesNewsNorth Carolina

OC Ventures Acquires 576-Bed Community Near the University of North Carolina at Greensboro

by Katie Sloan

Greensboro, N.C. — OC Ventures has acquired Spring Place, a 576-bed student housing community located in Greensboro. The property, now rebranded as Block 43 East, serves students at the University of North Carolina at Greensboro and North Carolina Agricultural and Technical State University. Kevin Larimer and Greg Gonzalez of Berkadia arranged the disposition on behalf of the seller, Waypoint Residential, for an undisclosed price. The community offers two- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a fitness center, computer lounge, recreation rooms, basketball and volleyball courts, …

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FinanceIllinoisInvestment SalesNewsOff-campus

Berkadia Arranges Sale of Tailor Lofts Near the University of Illinois at Chicago

by Katie Sloan

Chicago — Berkadia has arranged the sale of Tailor Lofts, a 441-bed student housing community located near the University of Illinois at Chicago and Rush University. The property offers studio, two- and four-bedroom, fully furnished units. Shared amenities include a 24-hour fitness center, doorman, computer center, clubhouse, conference room, game room, tanning dome, laundry center and a study lounge. Kevin Larimer and Greg Gonzalez of Berkadia completed the sale on behalf of Blue Vista Capital Management. Ed Kim and Jie Lee of Berkadia also arranged acquisition financing on behalf of …

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