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Atlanta & Southeast  + Atlanta  + Apartments  | 
Berkadia has secured $20-million and $40-million in acquisition financing for two affordable multifamily properties in Atlanta.

Infinity RE Buys Two Atlanta Multifamily Communities for $20M, $40M

Berkadia has secured acquisition financing for two affordable multifamily properties in Atlanta:

  • Oglethorpe Place ($20 million), 144 units
  • Highlands at East Atlanta ($40 million) 250 units

A Berkadia team of Jeff Lawrence and Matthew Baptiste secured the financing on behalf of the buyer of both properties, Infinity Real Estate’s Infinity RE Impact II, LLC, a social impact fund that owns 19 affordable communities nationwide.

Oglethorpe Place is in the Historic West End and will continue to provide both affordable and market rate housing for the community.

Highlands at East Atlanta is located within a designated Opportunity Zone and Qualified Census Tract. All units are subsidized via a Section 8 contract.

“Affordable housing continues to be a systemic problem across the country,” said Greg Jones, chief investment officer for Infinity Real Estate. “Through a collaboration with HUD, the local housing authority and the Highlands neighborhood, we hope to provide a community where the residents enjoy living.”

Photo: Highlands at East Atlanta

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Inside The Story

Infinity Real Estate’s Jones

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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