Sunday, April 17, 2016

Berkadia Completes Sale of 236 Units for $6.25 Million in Center Point, AL

Josh Jacobs
 BIRMINGHAM, AL --- Berkadia recently negotiated the sale of two apartment communities -- Summer Rise and Summer Terrace -- with a total of 236 units located in Center Point.   The combined purchase price was $6,250,000.

Josh Jacobs, Associate, and David Oakley, Managing Director of Berkadia Real Estate Advisors, LLC brokered the transaction.   Summer Rise, LLC and Summer Terrace, LLC were the Alabama-based sellers. 

The Florida-based purchasers are Summer Rise Apartments, LLC and Summer Terrace Apartments, LLC. 

Summer Rise is located on East Bend Circle and Summer Terrace is on Sterling Ct. N.W. in Center Point.

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

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