ATLANTA – November 27, 2017 – Berkadia today announced the $61 million sale of Ashford Retreat, a multifamily garden-style property in Marietta, Georgia. Managing Directors Andrew Mays and Paul Vetter, Senior Director Judy MacManus and Director Matthew White of Berkadia’s Atlanta office secured the deal on behalf of Washington-based Wilkinson Corporation, and the seller, Radco Companies, based in Georgia. Berkadia provided the equity for the deal as well as the debt, which was handled by Senior Managing Director Richard Levine. The deal closed on November 15.
“The sale of Ashford Retreat reflects seminal opportunities for successful transactions in and around Atlanta due to booming developments that showcase the city’s business, entertainment and living districts,” said Mays. “We are thrilled to have supported the sale and capital sourcing to create value for both Radco Companies and Wilkinson Corporation.”
Ashford Retreat is located at 2121 Windy Hill Road, affording convenient access to Interstates 75, 285 and 20, as well as the Cumberland Mall and the new Braves Stadium, SunTrust Park. The one and two-bedroom floorplans feature large closets, hardwood floors, efficient appliances and patios or balconies. Residents can also enjoy community amenities, such as a fitness center, a pool, a business center and a clubhouse.