Original Developer Trades Castro Valley Multifamily Duo
Berkadia arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units. They included the Cedars, an 83-unit property that sold for $21.45 million, and Creekside Terrace, a 52-unit property that sold for $14.1 million. Senior managing director Jason Parr, managing director Scott MacDonald and director…