Bedford Affordable Housing Foundation Acquires Two Lithia Springs Multifamily Communities For $83.7M

The transaction involves the sale of two apartment communities located at 1100 Preston Landing Circle and 7850 Lee Road in Lithia Springs, GA. The properties encompass a total of 539,530 square feet and consist of 470 units. The transaction was completed for a total price of $83,700,000, resulting in a price per square foot of $155 and a price per unit of $178,085.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $83,700,000
• Sale Date: 09/22/2026
• Address: 1100 Preston Landing Circle & 7850 Lee Road
• Market: Lithia Springs, GA
• Total Square Footage: 539,530
• Price per Square Foot: $155
• Units: 470
• Price per Unit: $178,085
• Buyer: The Bedford Affordable Housing Foundation
• Seller: Michael Friedland - LivCor
• Broker: CBRE

LivCor was the seller of the two properties, facilitating the transaction to The Bedford Affordable Housing Foundation. CBRE acted as the broker representing the transaction between the two parties involved in the deal.