Cushman & Wakefield announced Monday that the commercial real estate services firm arranged the sale of Osprey, a 320-unit apartment community in West Midtown.
Robert Stickel, Alex Brown, and Ashlyn Warren of Cushman & Wakefield represented the seller, Toll Brothers Apartment Living, in the transaction. Equity Residential acquired the property.
“Toll Brothers Apartment Living delivered a phenomenal asset,” Stickel said in Monday’s announcement. “They were the first to bring high-rise product to the West Midtown market, which draws from the impressive recent job growth showcasing Atlanta’s technology talent.”
Amenities include a lawn game area and patio lounge, hospitality lounge, dining room, juice bar, pet park and spa, garage, fitness center with on-demand virtual training, pool with private cabanas, rooftop lounge, and terrace, and coworking space.
The property includes 13,000 square feet of ground-floor retail which is leased to Orangetheory Fitness, Snooze, SweatHouz, and Yalda. It was built in 2020.
“Equity Residential is a highly recognizable institutional investor who recently decided to re-enter Atlanta’s multifamily market,” Brown said. “This is one of what will surely be more acquisitions as they establish a portfolio in one of the strongest growth markets in the Sunbelt.”
