Updated Oct 12, 2026
TriBridge Residential Acquires 265-Unit Multifamily Asset From Eaton Vance For $54.5 Million
1016 Howell Mill Road Northwest
$54,500,000
Units
265
Asset Type
MultiFamily
Closing
Nov 7, 2025
About this deal
AI
The multifamily asset, 1016 Lofts, located at 1016 Howell Mill Road Northwest in Atlanta, GA, was sold for $54.5 million, translating to $205,660 per unit. The property consists of 265 units and is situated in the West Midtown area of Atlanta.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $54,500,000
- Units: 265
- Price Per Unit: $205,660
- Buyer: TriBridge Residential
- Seller: Eaton Vance
- Transaction Date: 11/07/2025
- Market: Atlanta, GA
An affiliate of TriBridge Residential completed the purchase, indicating the involvement of established player in the multifamily market. The seller, an affiliate of Eaton Vance, is based in Boston, further highlighting the cross-regional dynamics of this transaction.
On the Map
$54,500,000
MultiFamily
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Players
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $205.7K per unit across 265 units on a published $54.5M (2025).
Browse Atlanta multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93