Berkadia Arranges $89.9M Sale of Apartment Community in Naples, Florida

NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The buyer, Cardone Capital, utilized funding from 282 Bitcoin for the acquisition, which increases the Miami-based company’s portfolio to 14,800 apartments and its total assets under manage