Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Login/Register
MissouriMultifamily

Berkadia closes sale of 128-unit apartment community in St. Louis

February 12, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Berkadia arranged the sale and financing of Turtle Creek, a 128-unit Class-A multifamily asset in St. Louis, Missouri.

Managing director Ken Aston and senior director Andrea Kendrick of Berkadia’s St. Louis office arranged the $24.9 million sale on behalf of the seller, Highgate Capital Group, LLC. Senior managing director Mitch Sinberg and associate director Matthew Robbins of Berkadia’s Boca Raton office secured $18.9 million in financing on behalf of the buyer, RM Communities.

Berkadia originated and Freddie Mac purchased the 10-year, fixed rate Green Up loan with 5 years IO.

The buyer, RM Communities, is the direct-acquisition arm of RealtyMogul, one of the top online real estate investing platforms with 200,000+ investors across a $2.8 billion portfolio.

Built in 2018, Turtle Creek is located at 201 Turtle Drive. Two-bedroom units include granite countertops, an island kitchen, stainless steel appliances, hardwood floors, walk-in closets and washer/dryer. Community amenities feature a swimming pool, clubhouse, storage space grill and dog walking park.

Located in the St. Louis suburb of Fenton, the community is located along Highway 141, bringing residents within a 30-minute drive of Downtown St. Louis.

Tags
BerkadiaMissourimultifamily
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisHospitality

Construction on new Chicago Chinatown hotel wraps up

April 16, 2021
IllinoisMultifamily

Developer Core Spaces announces promotion, new CFO

April 16, 2021
IllinoisMultifamily

East Lakeview condo building sells, deconversion to rental underway

April 16, 2021
KentuckyRetail

NAI Isaac sells 17,000-square-foot shopping center in Lexington

April 16, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
© 2021 REjournals.com