Jeffrey C. Hines & Laura Hines-Pierce Acquire Atlanta Multifamily For $240 Million

The property involved in this transaction is a 312-unit apartment complex located at 99 West Paces Ferry Road Northwest in Atlanta, GA. The sale price for the asset was $240,000,000, resulting in a per-unit price of approximately $769,231. This 13-story multifamily property was completed in 2023 and will be managed by Hines Living.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $240,000,000
• Units: 312
• Price Per Unit: $769,231
• Buyer: Jeffrey C. Hines & Laura Hines-Pierce - Hines
• Seller: Nathan Schubert - JLB Partners
• Market: Atlanta, GA

The transaction marks Hines' first multifamily investment in the Atlanta market, representing significant involvement by both Jeffrey C. Hines and Laura Hines-Pierce, who are key players in the acquisition. Nathan Schubert acted on behalf of JLB Partners as the seller in this substantial deal.