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

1605 Church Street & 2950 Richmond Row Drive

MultiFamily

Sold 139 days ago

Summary

Sale

GEORGIA

MultiFamily

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.

Details

Deal Summary

SOLD

IMAGE: Mark Parrell DATE: 12/22/2023 ADDRESS: 1605 Church Street & 2950 Richmond Row Drive MARKET: Decatur & Suwanee, GA ASSET TYPE: Multifamily BUYER: Mark Parrell - Equity Residential SALE PRICE: $179,700,000 UNITS: 634 ~ PPU: $283,438 NOTE: Equity Residential (EQR) has acquired two apartment properties, Richmond Row Apartments in Suwanee and The Baxter in Decatur, Georgia, totaling 634 units.

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Address1605 Church Street & 2950 Richmond Row Drive

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