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.

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“We anticipated 2017 to be very similar to 2016 in terms of deal flow—slow to begin the year, and picking up substantially in the second half,” Blake Okland, vice chairman and head of US Multifamily at ARA Newmark, tells GlobeSt.com. “So far that's been the case this year, too, with 1Q being very slow and a 25% year-over-year pick up in 2Q. In 2017, the slow start to the year was primarily driven by the election results and the subsequent broader capital markets reaction to it. In addition, buyers were full on multifamily and the lack of deals on the market in early 2017 contributed to less trades.”

(Get this insight on transforming multifamily with target markets in mind.)

ATLANTA—Ashford Retreat, a multifamily garden-style property in Marietta, GA, has traded hands. The sale price: $61 million.

Berkadia 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.

“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 with 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 hardwood floors and patios or balconies.

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.

(Check out four trends shaping this holiday shopping season.)

“We anticipated 2017 to be very similar to 2016 in terms of deal flow—slow to begin the year, and picking up substantially in the second half,” Blake Okland, vice chairman and head of US Multifamily at ARA Newmark, tells GlobeSt.com. “So far that's been the case this year, too, with 1Q being very slow and a 25% year-over-year pick up in 2Q. In 2017, the slow start to the year was primarily driven by the election results and the subsequent broader capital markets reaction to it. In addition, buyers were full on multifamily and the lack of deals on the market in early 2017 contributed to less trades.”

(Get this insight on transforming multifamily with target markets in mind.)