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February 11, 2016

Berkadia arranges $107M in sales

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The Pacifica

The Seattle office of Berkadia said it recently facilitated three big apartment sales in the region over. In December, Senior Managing Director Kenny Dudunakis arranged the sale of 19th & Mercer, a 50-unit apartment building on Capitol Hill, for $25.1 million. Washington Trust Bank purchased the project from Meriwether Partners, according to a press release from Berkadia. Dudunakis and Berkadia associates Ben Johnson and David Sorensen completed the $46 million sale of the Landing at Dash Point in Federal Way in January. FPA Multifamily of San Francisco bought the 388-unit complex from Bridge Investment Group of Salt Lake City. Dudunakis and senior director James Jenson of Berkadia's Tacoma office facilitated the sale of The Pacifica, a 177-unit complex in Tacoma. Rush Cos. of Gig Harbor sold the complex to Green Leaf Partners of Danville, California, for $36.25 million.




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