Today, Berkadia and Berkadia Institutional Solutions announced the combined sales of three multifamily properties in St. Louis, consisting of 730 total units. Managing directors Andrea Kendrick and Ken Aston along with senior director Bobby Mills from Berkadia St. Louis completed the $100 million in combined sales volume despite efforts by the Federal Reserve to slow down the market.
The properties include a high-rise as well as Southfield Apartments – a 429-unit garden-style property located at 5549 Southfield Dr., featuring one- and two bedroom floor plans with dishwashers – and 15 acres of land that will be used to develop 160 townhomes averaging 1,250 square feet each with two or three bedrooms per unit.
Kendrick commented on this milestone: “All three sales represent continued confidence in the St. Louis apartment market.”
