Evergreen Foundation

Berkadia secures $29.7M for Phoenix multifamily property


Berkadia announced the sale of the 152-unit Park 28 Apartments, a new luxury multifamily community located in Phoenix.

Senior Managing Director Mark Forrester, Senior Managing Director Ric Holway and Senior Director Dan Cheyne closed the $29.7 million sale on behalf of the seller, an entity of Evergreen Development Company. The buyer was Pure US Apartments REIT Inc., a Maryland corporation. The deal closed on June 9.

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