Berkadia closes sale of 152-Unit Apartment Community in Lady Lake

ORLANDO, Fla. --- Berkadia Real Estate Advisors, one of the nation’s largest and most active multifamily investment banking and research companies, recently closed on sale of the 152-unit Carmendy Square Apartments in Lady Lake, Fla. Berkadia’s Southeast Partner, Cole Whitaker of Orlando, and Senior Vice Presidents, Hal Warren of Orlando and Jason Stanton of Tampa, negotiated the sale representing the seller Lady Lake Crossings, LLC of West Springfield, MA. Houston-based Apexone Investment Partners, LLC and Philadelphia-based Balfour Beatty Communities purchased the apartment community which was built in 2002 and is located off Hwy 441 at 367 Sunny Oaks Way in Lady Lake. Carmendy Square Apartments, which was 94.74 percent occupied at the time of the sale, is situated on approximately 13.13 acres of land. The two and three-bedroom units situated in 38 buildings comprise a total of 184,152 rentable square feet.