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| David Oakley |
BIRMINGHAM, AL ---
Berkadia recently negotiated the sale of Stonecrest
at Double Oak Mountain, a 315-unit apartment community located in
Birmingham, for $29,200,000.
David Oakley,
Managing Director, and Royce Emerson,
Senior Director, in Berkadia’s Alabama office represented the seller, Rodman
Properties.
Built in 1998, Stonecrest
at Double Oak Mountain is a garden-style community with two- and three-story
buildings on 26.47 acres with a density of 12 units per acre and an average
unit size of 1,176 square feet.
The buyer is Waypoint
Residential, based in Atlanta.
Berkadia, a joint venture
of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading
commercial real estate company providing comprehensive capital solutions and
investment sales advisory and research services for multifamily and commercial
properties.
For a complete copy of the company’s news release,
please contact:
Larry Vershel or Beth
Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.
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