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TS Communities Acquires Avia At North Springs Multifamily In Atlanta For $107.5M

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SOLD
$107,500,000

Georgia

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MultiFamily
Sold 09/19/2023
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Property Image
SOLD

TS Communities Acquires Avia At North Springs Multifamily In Atlanta For $107.5M

7150 Peachtree Dunwoody Road Northeast

See Similar Deals
MultiFamily
Sold 09/19/2023
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

The Avia at North Springs apartment property in Atlanta, Georgia has been sold for a total of $107.5 million. The property, located at 7150 West Peachtree Dunwoody Road Northeast in Sandy Springs, consists of 530 units. This translates to approximately $202,830 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $107,500,000
  • Units: 530
  • Price Per Unit: $202,830

The buyer of the Avia at North Springs apartment property is TS Communities, an affiliate of Tishman Speyer. The seller in this transaction is Jordan E. Slone of Harbor Group International. TS Communities, with this acquisition, adds a valuable asset to their portfolio in Atlanta.

Players

Jordan Slone
Harbor Group International
Jordan Slone
20 deals$5.3B volume
SELLER

Details

SOLD
IMAGE: Jordan E. Slone DATE: 09/19/2023 ADDRESS: 7150 West Peachtree Dunwoody Road Northeast MARKET: Sandy Springs, GA ASSET TYPE: Multifamily BUYER: TS Communities SELLER: Jordan E. Slone - Harbor Group International SALE PRICE: $107,500,000 UNITS: 530 ~ PPU: $202,830 NOTE: TS Communities, an affiliate of Tishman Speyer, has acquired the 530-unit Avia at North Springs apartment property in Atlanta for $107.5 million, equivalent to approximately $202,830 per unit.

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