Real Estate
The company acquired two neighboring communities in Stone Mountain, Ga., for a combined $40.4 million. Berkadia provided acquisition financing. : Praxis Capital has purchased a pair of neighboring multifamily properties with a combined 539 units in Stone Mountain, Ga., for a total price of $40.4 million. The real estate private equity investment firm purchased Ashland Lakeview Apartments, a 255-unit community, at 200 Summit Lake Drive for $18.4 million; and The Residences at Mountain Lake Apartments, a 284-unit property at 1401 North Hairston Road for $21.9 million.

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