Berkadia Negotiates Sale of 423-Unit Midpointe Apartments in Chicago

by Kristin Harlow

CHICAGO — Berkadia has negotiated the sale of Midpointe Apartments in Chicago for an undisclosed price. The 423-unit, garden-style multifamily property was built in 1973 and extensively upgraded over the last 10 years. Amenities include an outdoor pool, fitness center, dog park, fire pit and outdoor gas grilling areas. Ralph DePasquale of Berkadia represented the seller, an institutional investor. An affiliate of California-based Turner Impact Capital was the buyer.

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