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Berkadia Brokers $14M Sale of Atlanta MF Property

Berkadia has arranged the $13.9 million sale of Royal Oaks, a 238-unit, garden-style multifamily property in Atlanta.

Royal Oaks was built in 1978 and features 238-units with one-, two-, three- and four-bedroom floorplans. Located at 3540 N Camp Creek Pkwy SW, the property affords convenient access to best of market retail at Camp Creek Marketplace and major employers within the Fulton County industrial corridor. The property is also 5 miles away from Atlanta’s Hartsfield-Jackson International Airport. At the time of sale, the property was 95% occupied.

Matthew White, Paul Vetter, Andrew Mays and Judy MacManus of Berkadia’s Atlanta office represented the seller, Florida-based FIP Realty, in the transaction. The buyer was Florida-based Prosperity Capital Partners.

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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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