fbpx

Berkadia Brokers Loan for Acquisition of Verona View Apartments in Plantation

The property is surrounded by millions of square feet of prime office and retail space, including several corporate headquarters and Sawgrass Mills Mall.

The Verona View Apartments, a 293-unit apartment community in Plantation, has been acquired by Atlantic Pacific Companies and LEM Capital with financing arranged by Berkadia. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott Wadler, Matthew Robbins, and Vice President of Originations Abigail Beauchamp of Berkadia South Florida represented the joint venture buyers. Freddie Mac provided the 10-year, floating-rate loan.

“Despite the volatility in the capital markets, capital is still lending on multifamily product in South Florida backed by strong sponsorship,” Robbins says. “We were able to secure a very strong floating-rate execution from Freddie Mac to maximize proceeds. South Florida remains one of the tightest rental markets in the country, and properties like Verona View, in close proximity to millions of square feet of corporate office space, are positioned to perform well.”

Verona View is an apartment complex built in 1989 and situated at 10900 Northwest 17th St. It offers a variety of living spaces to meet your needs, including one-, two- and three-bedroom apartments. Each unit boasts an open-floor concept, stainless steel appliances, hardwood flooring and a private patio. The community amenities are top-notch and include a swimming pool, sundeck, grilling area, fitness center, dog park and resident lounge. 

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is recognized as a prominent player in the commercial real estate sector. The company provides extensive services to its clients in the multifamily and commercial property domains. Berkadia’s integrated mortgage banking, investment sales, and servicing platform offers clients comprehensive real estate solutions for the entire life cycle of their assets.

You May Also Like

Miami Commercial Real Estate Report From Blanca Hints at Increased Activity 

The real estate agency is based in Miami.

How New Real Estate Developments Are Addressing the Rapid Population Growth in South Florida Cities

The recent surge has accelerated the adoption of previously rare concepts. 

Real Estate Developments
Sales Launch for First-Ever Viceroy Residences in Miami

It is the ideal location for those who desire to be at the center of commerce and culture.

First Turnkey Resort Condominium Coming to Fort Lauderdale

Groundbreaking of Natiivo is expected in the first quarter of 2025, with a 2028 anticipated completion date.

Other Posts

The Rider at Wynwood Sales Gallery Includes Motorcycles                     

The 146-unit condominium will feature turnkey residences and luxury amenities.

Sticker Shock: Florida Home Prices Double in Just Six Years

Point2Homes, an international real estate search portal, released a revealing study.

Groundbreaking of 2200 Brickell Commences

The 105-residence boutique luxury condominium will feature a wellness-oriented living experience.

2200 Brickell
Sales and Marketing Team Appointed for New Solina Bay Harbor

RedHoek+Partners are developing the boutique nine-unit building.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.