ATLANTA—Ansley at Princeton Lakes has traded hands. The sale price: $43.5 million.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the sale of the multifamily community in Atlanta. Alex Brown and Mike Kemether of Cushman & Wakefield represented the seller, PRP Real Estate Investment, in the transaction. Steadfast Apartment REIT III acquired the multifamily property.

“This was an attractive opportunity for Steadfast, who was looking to geographically diversify their Atlanta holdings while taking advantage of the high-powered airport-driven employment base,” Brown tells GlobeSt.com. “Steadfast, whose Atlanta holdings are concentrated in the Northern Suburbs, saw value in the opportunity to capitalize on one of the top-performing industrial markets in the country and Hartsfield-Jackson's dynamic growth trajectory.”