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Berkadia Team Closes Sale of Columbus Portfolio

Berkadia has announced the sale of a 580-unit, two-property multifamily portfolio in Columbus, OH. The sale of the 400-unit Villages at Waggoner Park and the 180-unit Residences at Eastpointe Ridge for an undisclosed sum was completed on behalf of Michigan-based Dietz Property Group and closed prior to the pandemic.

Managing Director Jason Krug, Director Carly Dietz, Senior Managing Director Kevin Dillon, Senior Director Rick Brace, Managing Director Rick Vidrio and directors Charley Henneghan and Corey Krug of Berkadia’s Great Lakes Team arranged the sale to an undisclosed buyer.

“This portfolio attracted interested buyers from coast to coast,” said Dietz. “Over 40 total tours were conducted, which resulted in 26 reputable offers being submitted. With the addition of this portfolio, our Great Lakes Team has closed over $432 million so far this year.”

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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).