Seminole Trail Management Sells Triton Glen Multifamily In Glen Allen For $42M With Berkadia Financing

The property asset involved in this transaction is a multi-family asset located at 10945 Nuckols Road, Glen Allen, VA. The transaction was executed for a total sale price of $42,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $42,000,000
• Lender: Berkadia via Freddie Mac
• Landlord: Seminole Trail Management
• Address: 10945 Nuckols Road
• Market: Glen Allen, VA
• Broers: Patrick McGlohn, Brian Gould & Patrick Cunningham - Berkadia

The key individuals and companies in this transaction include Berkadia, which provided $41.9 million in financing for Seminole Trail Management. This financing facilitated the acquisition of Triton Glen, a 250-unit apartment complex in Richmond, purchased for $65 million. The transaction was influenced by the location and the strong local job market.