June 10, 2019
Berkadia has arranged the $24-million sale of Hawthorne at Forestdale, a 234-unit, garden-style apartment community in Burlington, NC. Located at 3551 Forestdale Dr., the property features studio, one-, two- and three-bedroom floor plans, as well as walk-in closets, modern finishes and private patios.
Amenities include a saltwater pool with sundeck, playground, café, community pond, on-site laundry facilities, a 24-hour fitness center and dog park.
Mark Boyce and Blake Coffey of Berkadia’s Carolinas’ office represented the Alabama-based seller in the transaction. Richard Levine of Berkadia’s Atlanta office secured a Fannie Mae loan on behalf of the Texas-based buyer.
To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.
For comments, questions or concerns, please contact David Cohen