CBRE Investment Management completed the acquisition of Berkman Apartments from Kayne Anderson Real Estate for $187m.

CBRE Investment Management, a global real assets investment management firm, completed the acquisition of Berkman Apartments from Kayne Anderson Real Estate, a private equity real estate firm, for $187m. “We are so proud to be a part of this best-in-class sustainable development with Alatus that has been carefully curated with innovative design utilizing repurposed materials and amenity-rich common spaces for our tenants to enjoy. Our objective was to provide an ESG-oriented community to support the Mayo Clinic’s staff, patients and overall Rochester resident base and we are thrilled to have accomplished that with The Berkman, which has outperformed in every way,” David Selznick, KA Real Estate Chief Investment Officer.