Infinity RE Impact Acquires Affordable-Multifamily Portfolio with $89M Secured by Berkadia

Atlanta, GA-based Infinity RE Impact has acquired an affordable housing portfolio consisting of 12 properties in GA and one in SC utilizing $87.8 million in acquisition financing secured by Jeff Lawrence of Berkadia.

“2022 has been a challenging year to acquire multifamily properties,” said Greg Jones, CIO for Infinity. “Proper financing in such a volatile market is critical, and Berkadia was an incredible partner all the way to the close. I could not be more appreciative of everyone involved. We have a lot of plans for this portfolio and look forward to watching the Infinity team execute our mission to enhance the lives of the residents in our communities.”

The two-year bridge loan was financed through Berkadia.

The 13 properties in the portfolio include:

• Lake Forest Apartments, 1360 Otilia Drive in Gainesville, GA, 118 units
• Forest Creek at Moultrie Apartments at 409 Martin Luther King Jr. Drive in Moultrie, GA, 80 units
• Lakeview Apartments at 1210 Stewart Street in Carrollton, GA, 98 units
• Rolling Ridge Apartments at 100 Rolling Ridge Drive in Athens, GA, 160 units
• Shenandoah Forest Apartments at 8 Forest Circle in Newnan, Georgia, 100 units
• Sunny Brook Apartments at 1300 Mineral Springs Road in Elberton, GA, 130 units
• Briarwood Apartments is located at 1201 S 1st St. in Jesup, GA, 90 units
• Indian Oaks at 1103 E Church St. in Fort Valley, GA, 150 units
• Shadowood at 2506 Lumpkin Road in Augusta, GA, 78 units
• The Cliffs at 826 Shugart Road in Dalton, GA, 120 units
• Georgian Woods at 120 McNeil Drive in Douglas, GA, 66 units
• Riverbend at 441 E McIntosh St. in Milledgeville, GA, 75 units
• Crestview Village at 908 Crestview Road in Easley, SC, 76 units

Photo: Lake Forest Apartments