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Milestone Apartments REIT Completes $47 Million Purchase of Park 9 in Woodstock

Acquires Sixth Atlanta Multifamily Asset in Last Three Years
By Muminah Humphreys
October 18, 2016 | 6:33 P.M.

Milestone Apartments REIT (TSX: MST.UN) has completed its previously announced acquisition of the 275-unit Park 9 Apts. in the northwest Atlanta suburb of Woodstock, GA from property developer Prestwick Development Co. for $47 million, or approximately $171,000 per unit.

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