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Russ Hardy, Judy MacManus, Andrew Mays, Mike Riley, Paul Vetter and Matt White | Connect CRE

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Russ Hardy, Judy MacManus, Andrew Mays, Mike Riley, Paul Vetter and Matt White

Company: 

Berkadia

Sales Total

$2.6 billion

Completed a seven-property portfolio that illustrates the demand for in-fill workforce housing

Completed a three-property transaction from executed contract to close in 20 days

Last year was one of the most active multifamily markets experienced at Berkadia, and that momentum has carried into 2022.

One trend that emerged in 2021 was an increase in portfolio activity. Two of the company’s most interesting transactions were portfolios that had to close by year end. Berkadia’s seven-property Strategic Portfolio indicates the continued demand for in-fill, workforce housing product. Another portfolio, a three-property transaction in Paulding and Forsyth counties, was executed contract to close in 20 days.

Both transactions demonstrate the phenomenal demand for multifamily product throughout the metro, in-town and suburban submarkets.

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Inside The Story

Russ HardyJudy MacManusAndrew MaysMike RileyPaul Vetter

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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