ATLANTA—The Reserve at Johns Creek Walk, a 210-unit multifamily complex in the affluent Atlanta suburb of Johns Creek, has traded hands. The sale price: $47 million.

JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT acquired the apartment community. Noteworthy is the fact USA Today ranked Johns Creek the “3rd Best City to Live in the United States.”

“The Reserve at Johns Creek furthers our apartment acquisition strategy of identifying suburban locations within highly rated school districts with attractive demographics and significant barriers to entry,” says Allan Swaringen, president and CEO of JLL Income Property Trust. “This investment brings our aggregate apartment allocation to nearly $650 million, with over 2,500 total units and represents 27% of the value of the overall JLL Income Property Trust portfolio.”