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Berkadia Secures FL Student Housing Asset Sale

July 27, 2018 / Adina Marcut

After originating a $10.1 million Freddie Mac loan for a multifamily property in Pennsylvania, Berkadia has arranged the sale of Coastal Village, a 200-unit student housing community in Fort Myers, Fla. Coastal Ridge Real Estate, together with H. Katz Capital, acquired the asset for $44 million from Brighstone Real Estate Partners. The 17-building property serves students at the Florida Gulf Coast University.