ATLANTA-The locally based firm paid $30.25 million for the 270-unit Glenlake Gables and the 119-unit Glenridge Gables in the Perimeter Center area, north of the city. The buyer refused to identify the institutional seller.
Lane Realty Advisor has made four apartment complex acquisitions this year, totaling 1,108 units for $73.5 million or an average $66,336 per unit.
Glenlake Gables and Glenridge Gables will be renamed. Lane Co. will take over management duties from Gables Residential.
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