RENO, NV - Berkadia announced today that it has arranged $11.53 million in joint venture equity for Five Ridges, a to-be-built 83-unit townhome-style development in Reno, Nevada.
Cody Kirkpatrick, Chinmay Bhatt, and Noam Franklin of Berkadia JV Equity & Structured Capital and Jared Glover, Senior Director of Investment Sales at Berkadia Nevada represented the sponsor, Leggera Development, to arrange the joint venture equity.
Berkadia arranged the equity through a global investment.
Leggera Development Receives $11 5M Joint Venture Equity for Five Ridges Build-to-Rent Project in Sparks, Nevada rebusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rebusinessonline.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Strategic Value Partners, LLC and its affiliates (together, "SVP"), a global alternative investment firm with over $18 billion of assets under.
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JACKSONVILLE, FL - Berkadia announced today that it arranged the equity on behalf of Novu Residential Group for a new multifamily development, a 308-unit, eight-building, garden-style, elevator-served apartment community located in Jacksonville, Florida. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia JV Equity & Structured Capital sourced $13.1 million in preferred equity for the proposed project. Ground breaking commenced in November.
Berkadia arranged the equity from.