Prudential Sells Downtown Apt. Complex for $28.8M

CoStar

Tuesday September 29, 2009 06:55 PM

Prudential Insurance Co. of America sold a 253-unit multifamily investment in downtown Atlanta to Behringer Harvard Multifamily REIT I for $28.75 million, or about $113,636 per unit. Mariposa Loft Apartments is at 100 Montaq Circle in Inman Park Village and was constructed in 2004. It totals 246,355 square feet and was 96 percent leased at the time of sale. The community consists of eight …

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