Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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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.  

Inside The Story

Berkadia's Kendrick

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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