EQ Housing Advisors Inc Acquires 214-Unit Multifamily Complex In Atlanta From Aspen Square Management For $39M

The transaction involved a multi-family asset, specifically a 214-unit apartment complex located at 1212 James Jackson Parkway Northwest in the Atlanta, GA market. The sale price was $39,000,000, with a price per unit (PPU) of $182,243.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $39,000,000
• Units: 214
• PPU: $182,243
• Buyer: EQ Housing Advisors Inc
• Seller: Aspen Square Management
• Brokers: John Weber, Peter Yorck, Nick Brown & Dean Shoham - JLL

JLL Capital Markets facilitated the transaction, which included a notable affordability component where half of the units will be reserved for families earning up to 80% of AMI, all governed by a 25-year affordability agreement through the Atlanta Urban Development Corp.