Sunday, March 27, 2016

Berkadia Closes on 200 Apartment Units in Montgomery, AL

Josh Jacobs
 BIRMINGHAM, AL --- Berkadia recently negotiated the sale of Woodmere at the Lake, a 200-unit apartment community located in Montgomery for $8,100,000 or $40,500 per unit.

Built in 1978, Woodmere at the Lake is a garden-style community with an average unit size of 870 square feet which has recently been repositioned.

Josh Jacobs, Associate, and David Oakley, Managing Director of Berkadia Real Estate Advisors, LLC  in the Birmingham office, represented the seller, ABACO Partners, LLC.  The purchaser was Woodmere Apartment Partners, LLC.

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:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142

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