Berkadia Completes $17 Million Sale of Multifamily Property Outside of Atlanta

October 23, 2020

ATLANTA – October 23, 2020 – Berkadia announced today the sale of Level at Tall Oaks, a 174-unit, garden-style, multifamily property in Conyers, Georgia. Senior Director Judy MacManus, Managing Directors Paul Vetter and Andrew Mays and Director Matthew White of Berkadia’s Atlanta office completed the $17.2 million sale on behalf of the seller, North Carolina-based Cannell Capital Partners. The buyer was Kansas-based Cohen-Esrey Real Estate Services, LLC, and the deal closed on September 30.

“It was a pleasure working with Cannell Capital Partners on our third transaction together,” said MacManus. “The transaction was seamless for both the buyer and seller.”

Located at 348 Tall Oaks Drive SE, Level at Tall Oaks features one-, two- and three-bedroom floor plans with patios or balconies, dishwashers and air conditioning. Community amenities include a fully renovated office and leasing center, a sport court, a swimming pool and laundry facilities. The property affords residents convenient access to Interstate 20 and the shops and restaurants along Highway 138 (McDonough Highway) and Dogwood Drive SE.

Berkadia Closes $17M Suburban Atlanta Sale | Multi-Housing News

Conyers Apartment Property Trades for $17M | Connect Media

 

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