Kushner Companies closed on its purchase of a $1.1 billion portfolio of Mid-Atlantic apartment buildings with financing from Warren Buffett’s commercial lending company, according to sources. Berkadia Commercial Mortgage provided Kushner with nearly $800 million in debt to finance the purchase of the portfolio of 6,000 rental apartments in Maryland and Virginia from private-equity firm Lone Star Funds, sources said. The deal closed yesterday. A spokesperson for Kushner Companies declined to comment, and representatives for ... [more]