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Atlanta & Southeast  + Apartments  |  May 6, 2021
David Cohen
By: David Cohen

Berkadia Arranges $21M Sale of Austell MF Property

Berkadia has arranged the $20.6 million sale of Sterling Riverside Townhomes, a 232-unit apartment property in Austell, GA.

Located at 7440 Riverside Parkway SW, Sterling Riverside Townhomes features two- and three-bedroom floor plans with washer and dryer connections and air conditioning units. Community amenities include basketball courts, a playground and a swimming pool. The property is conveniently located near Tom Murphy Freeway, Six Flags Over Georgia and Georgia State Route 70.

Paul Vetter, Andrew Mays, Judy MacManus and Matt White of Berkadia’s Atlanta office represented the seller, New York-based Park Drive Equities, in the transaction. The buyer was Georgia-based Zevulon Capital Inc. The deal closed March 22.

Read More News Stories About: Berkadia
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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.
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