Search
 

Marietta Multifamily Trades for $56M

ATLANTA— Steadfast Apartment REIT, which now owns 33 multifamily assets in 11 states, acquired the asset.

Located in Cobb County, 1250 West is close to highways 120 and 360, and Interstate 75. Located in Cobb County, 1250 West is close to highways 120 and 360, and Interstate 75.

ATLANTA—1250 West, a 468-unit multifamily community in Marietta—just 20 miles outside of Downtown Atlanta—traded hands for $55.8 million. Steadfast Apartment REIT, which now owns 33 multifamily assets in 11 state, acquired the property.

“We believe 1250 West is an outstanding property that offers residents a nexus of amenities, location and price,” Ella Shaw Neyland, president of Steadfast Apartment REIT, tells GlobeSt.com. “With limited land available for new apartment construction, strong employment and an expanding population, we believe the property will continue to perform well.”

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jennifer LeClaire

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.