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Berkadia Arranges $65M Sale, Financing of Richmond Apartments
Berkadia has arranged the $65 million sale and $42 million financing of Triton Glen, a newly built, 250-unit multifamily community located in Richmond, Virginia. Located at 10945 Nuckols Road, Triton Glen is a five-story community completed in 2024, offering a mix of one- and two-bedroom residences ranging from 639 to 1,409 square feet.
Senior Managing Director Drew White, Managing Director Carter Wood and Director Cole Carns of Berkadia Richmond represented the seller, Silver Hills, a multifamily real estate firm. Seminole Trail Management, based in Charlottesville, acquired the property for $65 million.
In conjunction with the acquisition, Senior Managing Director Patrick McGlohn, Managing Director Brian Gould, Senior Director Hunter Wood, Vice President Patrick Cunningham and Senior Analyst Mac Ritchie of Berkadia DC Metro secured a $41.953 million Freddie Mac acquisition loan on behalf of the buyer. The property’s occupancy was fully stabilized at the time of the sale.
