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Berkadia Arranges Sale of 216-Unit MF Property in Lithonia

Berkadia has arranged the sale of Lexington on the Green, a 216-unit garden-style multifamily community in Lithonia. The sales price was not disclosed.

Located at 5850 Hillandale Drive, the community features one-, two- and three-bedroom floor plans with patios or balconies. Amenities include a swimming pool, fitness center, an outdoor area with grilling stations, a media room and a business center. Nearby employment hubs include Kaiser Permanente Panola Medical Center and Emory Hillandale Hospital.

Andrew Mays, Paul Vetter, Matt White and Judy MacManus of Berkadia’s Atlanta office represented the seller, Missouri-based Maxus Properties, in the transaction. The buyer was Utah-based Peak Capital Partners. The deal closed February 26.

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Berkadia’s Mays

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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