Berkadia Brokers $65M Sale Of Cyrene At Fiddyment Multifamily Property In Roseville

The sale involved Cyrene at Fiddyment, a 152-unit single-family rental community located at 7409 Malakai Circle in Roseville, California. The property was sold for $65,000,000 and boasts detached single-family homes averaging 1,496 square feet. It is situated within a master-planned community with modern amenities, high occupancy of 97 percent, and convenient access to retail, schools, parks, and outdoor activities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Units: 152
• Price per Unit: $427,632
• Address: 7409 Malakai Circle, Roseville
• Market: Roseville
• Seller: Nathan Pile - Curve Development
• Brokers: Andrew Curtis, Brett Betzler, Jason Parr, Kaohu Berg-Hee, Mark Forrester & Scott MacDonald - Berkadia

Berkadia played a crucial role in facilitating the transaction of the property, showcasing their expertise in real estate deals. The involvement of multiple brokers from Berkadia, including Andrew Curtis, Brett Betzler, Jason Parr, Kaohu Berg-Hee, Mark Forrester, and Scott MacDonald, underscores the collaborative effort behind the successful sale.