Berkadia Completes Sale and Secures Financing for 300-Unit Multifamily Property in Stonecrest, Georgia within the Atlanta MSA
Atlanta, Georgia – May 12, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of The View at Stonecrest, a 300-unit garden-style multifamily property built in 1972 in Stonecrest, Georgia. Managing Directors Matt White and Scott Bray of Berkadia Atlanta led the sale on behalf of the seller.
Director TJ Piper and Associate Director Mike Koller of Berkadia Philadelphia secured acquisition financing through a debt fund on behalf of the buyer.
“The View at Stonecrest is poised to take advantage of the improving fundamentals for workforce housing in Atlanta,” said White. “The market demand drivers and economic tailwinds coupled with the dwindling supply pipeline offer investors long-term stability, future rent growth, and value appreciation.”
“The View at Stonecrest was a testament to Berkadia’s platform. Our team sourced 16 offers for our client and the debt team provided new bridge debt for an out-of-state buyer’s first transaction in Georgia,” said White. “With more than 2,000 units of similar workforce housing under agreement, we are excited about the increased appetite for this product in the Atlanta market and continuing to deliver a full-service process for our clients on both sides of the transaction.”
Located at 37 Treeview Drive, The View at Stonecrest benefits from excellent access and connectivity to Atlanta’s largest employment nodes via Interstate-20, Atlanta’s primary east-west thoroughfare. The property is ten miles from the I-285 Perimeter and accessible to the retail amenities and employment drivers of Downtown/Midtown and Hartsfield-Jackson International Airport within a 30-minute drive