ATLANTA—Three metro Atlanta apartment communities have been traded recently for a combined value of nearly $40 million.

The deals brokered by Multi Housing Advisors involved a total of 734 apartment units. Josh Goldfarb and Tyler Averitt of MHA represented the sellers and were the only brokers involved in the transactions, the company states.

Multi Housing Advisors reports that the RADCO Companies acquired Defoors Ferry West, a 297-unit community in Atlanta's West Midtown neighborhood, for $16 million from Urban Partners LLC. The second deal involves the purchase of The Oaks of Briarcliff, a 227-unit garden-style community by FC Oaks LLC, an affiliate of FortCap Partners. The complex, located near Emory University and Atlanta's Buckhead district, traded for $14.8 million. The Oaks of Briarcliff/W.C., L.P. sold the property, which was built in 1964.

The third deal brokered by the firm was Greentree Real Estate Services LLC's acquisition of Huntington Ridge, a 210-unit, garden-style community in Norcross, GA, for more than $9.05 million. LMREC CDO II REO VII Inc. was the seller.

“Atlanta's apartment market is firmly in the middle of its recovery, and with continued rent growth and occupancy gains on the horizon, the metro area is proving to be very attractive to investors,” says Goldfarb, co-founder and co-managing partner of MHA. “We foresee a very brisk sales pace in the city in 2014.”