Berkadia Secures $81M in Funding for Denver Multifamily Venture

Berkadia announced today that it has arranged $81.23 million in joint venture equity for Alexan Pena Station, a to-be-built, 578-unit multifamily development in Denver, Colorado. Alexan Pena Station, located on the northeast side of Denver, will be built over two phases and spread out over 12 buildings with an average unit size of 976 square feet. Community amenities include two resort-style pools with sun shelves and cabanas, two clubhouses, coworking offices, community garden plots, and a beer garden with outdoor games.

Located at the southwest corner of 64th Avenue and Dunkirk Street, the community will feature one-, two-, and three-bedroom floor plans and will include 46 affordable units, providing access to housing for individuals earning 60% of the area median income. 

Berkadia’s Cody Kirkpatrick, Chinmay Bhatt and Noam Franklin represented the sponsor, Trammell Crow Residential (TCR), to arrange the joint venture equity partnership. Berkadia arranged the equity through MBK Rental Living, a privately held real estate investment and development firm.

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