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ATLANTA-The 253-unit Mariposa Loft Apartments has been purchased by Dallas-based Behringer Harvard for an undisclosed price. The five-acre complex, at 100 Montag Circle in Inman Park Village, consists of eight midrise buildings totaling 246,355 square feet and is currently 96% occupied.

Mark Alfieri, chief operating officer of Behringer Harvard Multifamily REIT I Inc., says the buyer was attracted by Mariposa’s central location in Fulton County, along with Atlanta’s national reputation as a magnet for young professionals. He describes the five-year-old property as “an attractive opportunity to acquire a stabilized, well-performing multifamily asset in the eighth-largest US metro area.”

Mariposa’s clubhouse includes a resort-style pool, covered parking and a clubhouse with a fitness center, business center, media and game rooms. Units range from 683 to 1,338 square feet and include washer/dryers and walk-in closets.

Behringer Harvard Multifamily REIT I has investments in 13 multifamily communities with 3,883 units in eight states, including Mariposa.

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