Cushman & Wakefield announced today that the commercial real estate services firm has arranged a $75 million refinance loan on behalf of Middleburg Communities for a three-property apartment community portfolio totaling 1,154 units.  

Blake Cohen, Mike Ryan, and JP Cordeiro of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the two-year loan through Synovus.

The properties in the portfolio include:

• Vesta Adams Park, a 298-unit apartment community located at 1991 Delowe Drive SW in Atlanta. The property is 96% leased and includes an average unit size of 1,035 square feet.

• Vesta Bouldercrest, a 438-unit apartment community located at 26 Bouldercrest Lane SE in Atlanta. The property is 95% leased and includes an average unit size of 808 square feet.

• Vesta Derby Oaks, a 418-unit apartment community located at 3237 Utah Avenue in Louisville, Kentucky. The property is 88% leased and includes an average unit size of 724 square feet.