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Berkshire Residential Investments has secured $135 million from Mesa West Capital to acquire The Sophia at Abacoa multifamily in Jupiter, FL.

Berkshire Residential Secures $135M for Acquisition of Jupiter Multifamily

Boston-based Berkshire Residential Investments has secured $135 million of first mortgage debt for the acquisition of The Sophia at Abacoa, a 390-unit multifamily community in Jupiter, FL, from Mesa West Capital.

The financing was arranged by Matt Williams and James Maynard at Newmark.

Mesa West Capital was represented in the transaction by the legal team led by Mark Osher, Eric Steiglitz, and Zak Baron from Gibson, Dunn & Crutcher LLP. Berkshire was represented Cara Nelson and Oriana Montani from DLA Piper LLP.

The Sophia at Abacoa was built in 2002 and offers a variety of one-, two- and three-bedroom floor plans housed in low-rise residential buildings on a 22-acre site.  The property is walking distance to Downtown Abacoa and proximate to Roger Dean Stadium plus 16 golf and country clubs.

Mesa West Capital has originated over $550 million in first mortgage and mezzanine debt in FL over the past 12 months.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing
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