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Marietta Multifamily Trades for $56M

ATLANTA— Steadfast Apartment REIT, which now owns 33 multifamily assets in 11 states, acquired the asset.

By Jennifer LeClaire | jenniferleclaire | Updated on August 19, 2016

Located in Cobb County, 1250 West is close to highways 120 and 360, and Interstate 75. Located in Cobb County, 1250 West is close to highways 120 and 360, and Interstate 75.

ATLANTA—1250 West, a 468-unit multifamily community in Marietta—just 20 miles outside of Downtown Atlanta—traded hands for $55.8 million. Steadfast Apartment REIT, which now owns 33 multifamily assets in 11 state, acquired the property.

“We believe 1250 West is an outstanding property that offers residents a nexus of amenities, location and price,” Ella Shaw Neyland, president of Steadfast Apartment REIT, tells GlobeSt.com. “With limited land available for new apartment construction, strong employment and an expanding population, we believe the property will continue to perform well.”

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