 |
| 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 lversehlco@aol.com
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