Atlantic | Pacific, Highline JV buys 101-unit, Arcadia Decatur, in Georgia for $20M ($198,020/unit) with Berkadia arranging $13M acquisition financing

  • 7/29/2024

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Berkadia has arranged a $13 million loan for the acquisition of Arcadia Decatur, a 101-unit apartment community located at 220 N. Arcadia Ave. in Decatur, a northeast suburb of Atlanta. Scott Wadler, Matt Robbins and Abigail Beauchamp of Berkadia secured the five-year, fixed-rate financing on behalf of the borrower, a joint venture between Atlantic Pacific Cos. and Highline Real Estate Capital. Built in 2020, Arcadia Decatur features one- and two-bedroom apartments, as well as a fitness center, outdoor grills, swimming pool and a sundeck.  

Highline Real Estate Capital (HRE)
Matt Papunen | Principal-Acquisitions, Debt/Equity
Atlantic | Pacific Companies
Joseph Jackson | Senior Managing Director, Acquisitions

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