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Atlanta & Southeast  + Apartments  |  September 9, 2019
David Cohen
By: David Cohen

Garden-Style Apartment Community Trades for $22M in Duluth

Berkadia has arranged the $21.8 million sale of The Villas at Duluth, a 164-unit, garden-style apartment community in Duluth.

Located at 1470 Boggs Road N.W., the community is approximately 26 miles northeast of downtown Atlanta. The property consists of a mix of one-, two-, three- and four-bedroom units with an average size of 1,400 square feet. Amenities include a fitness center, pet park, soccer field, playground and swimming pool.

Paul Vetter, Andrew Mays, Judy MacManus and Matt White of Berkadia represented the seller, The Walden Group, in the transaction. The buyer was Benimax Investment Group. The property last traded in 2017 for $16.9 million.

For comments, questions or concerns, please contact David Cohen

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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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