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Atlanta & Southeast  + Southeast  + Apartments  |  June 10, 2019
David Cohen
By: David Cohen

Berkadia Arranges $24M Sale of North Carolina MF Property

Berkadia has arranged the $24-million sale of Hawthorne at Forestdale, a 234-unit, garden-style apartment community in Burlington, NC. Located at 3551 Forestdale Dr., the property features studio, one-, two- and three-bedroom floor plans, as well as walk-in closets, modern finishes and private patios.

Amenities include a saltwater pool with sundeck, playground, café, community pond, on-site laundry facilities, a 24-hour fitness center and dog park.

Mark Boyce and Blake Coffey of Berkadia’s Carolinas’ office represented the Alabama-based seller in the transaction. Richard Levine of Berkadia’s Atlanta office secured a Fannie Mae loan on behalf of the Texas-based buyer.

To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Berkadia
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Connect With Berkadia’s BoyceConnect With Berkadia’s Coffey Connect With Berkadia’s Levine

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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