TA Associates Realty, a privately held real estate firm, purchased the apartment community at Paces Station in Atlanta, GA, from Equity Residential for $57 million.
The 610-unit, 51-building property at 3000 Paces Walk NW was delivered in 1989. It totals 593,922 square feet on 51.6 acres in the Cumberland/Galleria submarket. It is a mix of one- and two-bedroom units that average 974 square feet.
Jason Nettles and Megan Thompson with HFF represented the seller.
For additional information please refer to CoStar COMPS #2490446.