December 10, 2020
Berkadia has arranged the sale of Cameron Crossing and Laurel Crossing, two multifamily properties in LaGrange, GA totaling 264 units. The combined sales price was $25.3 million.
Cameron Crossing is located at 1600 Meadow Terrace and was built in 1987 and features 132 garden-style units while Laurel Crossing is located at 1700 Park Place and was built in 1988 and features 132 garden-style units. Both properties are located near Great Wolf Lodge. At the time of the sale the properties were 99% occupied.
Paul Vetter, Andrew Mays, Judy MacManus and Matthew White of Berkadia’s Atlanta office represented the seller, New Jersey-based The Walden Group, in the transaction. The buyer was Texas-based Aim Next Realty. The deal closed November 19.
For comments, questions or concerns, please contact David Cohen
Tags: Apartments & Multifamily