Friday, February 5, 2016

Berkadia Closes on sale of 112 Units for $9.8 Million in North Montgomery, AL

Joshua Jacobs
Birmingham, AL – Berkadia recently closed the sale of The Retreat at Dublin Creek, a 112-unit apartment community located in Montgomery.  Hallmark Dublin Creek, LLC, purchased the apartment community for $9,800,000 or $87,500 per unit.

Joshua Jacobs, Associate  and David Oaklely, Managing Director of Berkadia Real Estate Advisors, LLC in Birmingham, negotiated the transaction representing the seller, Retreat at Dublin Wildwood, LLC. 

Built in 2006, The Retreat at Dublin Creek, an Institutional Quality Class “A” asset, is a two-story, garden-style apartment community situated on 14.41 acres with an average unit size of 1,204 square feet. 

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. 

For a complete copy of the company’s news release, please contact:

Beth Payan Larry Vershel Communications, 407-644 4142 or 407-461 3781

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