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Berkadia Arranges $50M Sale of Two-Property MF Portfolio in Greenville

Berkadia has arranged the combined $49.8 million sale of two garden-style multifamily properties in Greenville, S.C. The properties include the Park at Sorrento, a 242-unit community and the Park at Toscana, a 172-unit property.

The Park at Sorrento is located at 660 Halton Road and features one- and two-bedroom floor plans with in-unit washers and dryers. Community amenities include a swimming pool, a fitness center, a clubhouse and a tennis court. The Park at Toscana is located at 2900 E North St. and features one-, two- and three-bedroom floor plans.

Mark Boyce and Blake Coffey of Berkadia’s Carolinas office represented the seller, an undisclosed entity, in the transaction. The buyer was Nebraska-based Foundation for Affordable Housing. The deals closed February 9.

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Inside The Story

Berkadia's Boyce

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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