Berkadia Arranges $100M of St. Louis Multifamily Sales
Berkadia and Berkadia Institutional Solutions announced today the combined sales of three multifamily properties, Southfield Apartments, St. Louis MSA Apartment Ground and a prolific high-rise in St. Louis, consisting of 730 total units located in St. Louis. Managing directors Andrea Kendrick and Ken Aston and senior director Bobby Mills of Berkadia St. Louis completed the $100 million in combined sales volume.
“All three sales represent continued confidence in the St. Louis apartment market, despite the Fed’s efforts to slow it down,” said Kendrick.
The properties include a prolific high-rise in St. Louis and:
- Southfield Apartments is a 429-unit garden-style multifamily property located at 5549 Southfield Dr. in St. Louis. The property features one- and two-bedroom floor plans with dishwashers.
- St. Louis MSA Apartment Ground is 15 acres of land. The land will be used to develop a multifamily property that will feature approximately 160 townhomes with two- and three-bedroom floor plans averaging 1,250 square feet.