MIAMI—Atlantic | Pacific Companies (A|P) isexpanding its multifamily footprint. The company just snapped up aportfolio of multifamily properties and launched a new multifamilydevelopment.

The multifamily properties span Georgia, North Carolina, Texasand Florida and include both garden-style and mid-rise luxuryapartment assets. Financial terms of the deal were not disclosed,nor was the seller, but it's reported the properties sold for morethan $100 million.

Part of the acquisition gives A|P two suburban Atlantamultifamily assets, the Atlantic | Howell Stationin Duluth and The Atlantic | Medlock Bridge in Norcross. The NorthCarolina multifamily assets are the Atlantic | Lynn Lake and TheAtlantic | Millbrook in Raleigh. The Florida project is theAtlantic | Doral Grande in Doral. The remainder of the multifamilyassets are in Texas. The company is also developing a multifamilyproperty in South Florida.