April 25, 2024 10:52 pm
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Big hunk of apartment portfolio closes at $239M

Berkadia_02_400By Paul Bubny | GlobeSt.com

A multi-region team effort went into the marketing of the MSI National Apartment Portfolio, with the $239-million sale having just closed on a major portion of the 5,380-unit portfolio, GlobeSt.com has learned exclusively. Locally based Berkadia was engaged to sell the portfolio in September 2013 by its court-appointed receiver, as GlobeSt.com first reported last year. It brought in about 85 letters of intent from qualified purchasers, although not all wanted to buy the MSI portfolio lock, stock and barrel.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.