ATLANTA—Two metro Atlanta multifamily communities have traded hands. The transactions show continued momentum in the region's multifamily market.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the sale of the multifamily assets. They represented the seller, Stratford Asset Management Co./TIC and a joint venture of Centennial Holding Co. and The Carlyle Group.

Hamilton Point Investments acquired the 276-unit The Retreat at Stonecrest, located in Lithonia, for $23 million. Built in 2003, The Retreat at Stonecrest is one of only a handful of multifamily communities built in the area since 2000, and it is currently 87% leased. The sales price represents approximately $83,333 per unit. (What differentiates Atlanta's multifamily market in the late innings? Read this.)