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

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.