Berkadia Arranges 415-Unit Multifamily Sale in Lithonia, GA

Berkadia has announced the sale of The Quarry, a 415-unit garden-style multifamily property in Lithonia, GA. Senior Director Matt White, Senior Managing Directors Paul Vetter and Andrew Mays, Senior Director Judy MacManus, and Associate Director Ian Shaw of Berkadia Atlanta completed the sale on behalf of the seller, California-based JJM Investments, LLC. The buyer was North Carolina-based Four Oaks Capital, LLC.

“This was a great transaction for both the buyer and seller and a big win for all involved,” said White. “We take great pride in announcing that this closing represents the largest workforce housing transaction in South Atlanta in over two years.”

The Quarry features a unit mix of two- and three-bedroom floorplans plus townhome layouts in 18.6 percent of units. Amenities include pool, fitness center, business center, and gated entry. Built in 1970, the property has had more than $5.7 million in capital investments since 2015.