October 9, 2019 Comments (0) Views: 258 Atlanta, Atlanta News, Top Atlanta

TA Realty Snags Atlanta Apartment Property for $83M

Boston-based real estate investment company TA Realty acquired Magnolia Vinings, a 400-unit apartment property in Cobb County for $83 million.

Located at 2151 Cumberland Pkwy., the property was built in 1996 and is spread across more than 21 acres. The property last sold in 2001 for $37.4 million.

TA Realty purchased the property from the Los Angeles County Employee Retirement System Association. The Boston-based firm has been active in Atlanta of late, and recently sold a 70-acre industrial warehouse in Gwinnett County to Blackstone Property Advisors for $80.4 million.

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