Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Atlanta Metro  + Apartments  |  June 25, 2021
David Cohen
By: David Cohen

Berkadia Arranges Sale of 121-Unit Morrow MF Property

Berkadia has arranged the sale of Level at Mount Zion, a 121-unit, garden-style multifamily property in Morrow, GA. The sales price was not disclosed.

Level at Mount Zion was built in 1973 and features 121 units with fully equipped kitchens, black or stainless-steel appliances, ceiling fans and large closets. The property offers a significant value-add opportunity and was 97 occupied at the time of sale. Located at 6668 Mt Zion Blvd, the property offers connectivity to major metro employment centers within Clayton county, including Southern Regional Medical Center and the new Gillem Logistics Center development.

Paul Vetter, Andrew Mays and Matthew White of Berkadia’s Atlanta office represented the seller, North Carolina-based Cannell Capital Partners, in the transaction. The buyer was Connecticut-based Amity Cos. In addition, Cutt Ableson of Berkadia’s Houston office secured fixed rate financing through Freddie Mac on behalf of the buyer. Terms of the 10-year loan included a 30-year amortization schedule and interest-only payments.

Read More News Stories About: Berkadia
Connect

Inside The Story

Berkadia’s Vetter

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action