Mark Parrell's Equity Residential Acquires 634-unit Multifamily Portfolio In Decatur & Suwanee, GA For $179.7M

Equity Residential (EQR) has acquired two apartment properties, Richmond Row Apartments in Suwanee and The Baxter in Decatur, Georgia, totaling 634 units. The properties are located at 1605 Church Street and 2950 Richmond Row Drive. The sale price for this transaction was $179,700,000, with a price per unit of $283,438.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $179,700,000
• Units: 634
• Price Per Unit: $283,438

Mark Parrell of Equity Residential represented the buyer in this deal.