Berkadia Secures $51M Multifamily Deal in Denver

Today, Berkadia disclosed the successful closure of Lowry North, a garden-style multifamily complex comprising 192 units, situated in Denver, Colorado. Spearheading the transaction were managing director Nick Steele and director Nate Moyer from Berkadia Denver.

“Lowry North garnered a significant amount of interest given the size, vintage, location, and quality of the asset,” said Steele. “The property has had only two owners and one management company since it was built, all of which have been great stewards of the asset. We are grateful to have been able assist.” 

Located at 8001 E 11th Ave, the property affords convenient access to Lowry Town Center, Denver International Airport, and the Fitzimmons Medical Campus. Lowry North was built in 2002 and features 66 one-bedroom, 96 two-bedroom, and 30 three-bedroom apartments. 

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. 

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