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Infinity RE Buys Two Atlanta Multifamily Communities for $20M, $40M
Berkadia has secured acquisition financing for two affordable multifamily properties in Atlanta:
- Oglethorpe Place ($20 million), 144 units
- Highlands at East Atlanta ($40 million) 250 units
A Berkadia team of Jeff Lawrence and Matthew Baptiste secured the financing on behalf of the buyer of both properties, Infinity Real Estate’s Infinity RE Impact II, LLC, a social impact fund that owns 19 affordable communities nationwide.
Oglethorpe Place is in the Historic West End and will continue to provide both affordable and market rate housing for the community.
Highlands at East Atlanta is located within a designated Opportunity Zone and Qualified Census Tract. All units are subsidized via a Section 8 contract.
“Affordable housing continues to be a systemic problem across the country,” said Greg Jones, chief investment officer for Infinity Real Estate. “Through a collaboration with HUD, the local housing authority and the Highlands neighborhood, we hope to provide a community where the residents enjoy living.”
Photo: Highlands at East Atlanta
- ◦Sale/Acquisition
