Berkshire Residential Investments Acquires Multifamily Property In Jupiter For $135M Loan

The property asset involved in this transaction is a multifamily complex located at 803 Promenade Way & 803 University Boulevard, comprising a total of 390 units in the Jupiter market. The acquisition loan for this asset was finalized at a loan amount of $135,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $135,000,000
• Address: 803 Promenade Way & 803 University Boulevard
• Market: Jupiter
• Units: 390
• Lender: Mesa West Capital
• Lender's Representative: Mark Osher, Eric Steiglitz & Zak Baron - Gibson, Dunn & Crutcher; Matt Williams & James Maynard - Newmark
• Landlord: Berkshire Residential Investments
• Landlord's Representative: Cara Nelson & Oriana Montani - DLA Piper
• Loan Type: Acquisition Loan

This transaction involved key individuals and companies, including lender representatives Mark Osher, Eric Steiglitz, and Zak Baron from Gibson, Dunn & Crutcher, as well as Matt Williams and James Maynard from Newmark. On the landlord's side, the representatives were Cara Nelson and Oriana Montani from DLA Piper, coordinating the acquisition process for Berkshire Residential Investments.