JV Equity Transaction In Lewisville: 296-Unit Multifamily Property Acquired For $20.25M By Legacy Partners

The recently closed property transaction in Lewisville involved a multifamily asset located at 1000 Grandys Lane. The property consists of 296 units and was owned by Legacy Partners. The transaction was facilitated by brokers Chinmay Bhatt, Cody Kirkpatrick, and Noam Franklin from Berkadia. The deal was made possible with the support of lender Pondmoon Capital Holdings USA.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,250,000
• Address: 1000 Grandys Lane - Merit
• Market: Lewisville
• Units: 296

Berkadia's Chinmay Bhatt, Cody Kirkpatrick, and Noam Franklin played a pivotal role in securing JV equity for the property transaction. Their team, Berkadia JV Equity & Structured Capital, has had an exceptional year in 2021, capitalizing over $2 billion across 49 property transactions. The team is on track to surpass these achievements in 2022, as they continue to source equity for various projects, including ground-up multifamily developments, platform-level investments, multifamily portfolio recapitalizations, build-to-rent development pipelines, single-family rental aggregation strategies, and value-add multifamily acquisitions.