Atlanta certainly has a multifamily advantage. Yields remain stable throughout the country at 5.6%, with secondary and tertiary markets primarily in the Midwest and Southwest offering the highest multifamily yields. That's according to ARA Newmark's Q2 2017 Multihousing Market Overview.

(How is tech impacting the multifamily real estate? Here's one take.)

“We anticipated 2017 to be very similar to 2016 in terms of deal flow—slow to begin the year, and picking up substantially in the second half,” Blake Okland, vice chairman and head of US Multifamily at ARA Newmark, tells GlobeSt.com. “So far that's been the case this year, too, with 1Q being very slow and a 25% year-over-year pick up in 2Q. In 2017, the slow start to the year was primarily driven by the election results and the subsequent broader capital markets reaction to it. In addition, buyers were full on multifamily and the lack of deals on the market in early 2017 contributed to less trades.”

(How would home ownership really impact multifamily? Steven DeFrancis sounds off.)

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.”

The 306-unit multifamily property was built in 2009. Ansley at Princeton Lakes is located in Atlanta's niche class A airport pocket, close to the 1.2 million-square-foot Camp Creek Marketplace. Amenities include a resort-style pool, an outdoor fireplace and a clubhouse with a theater.

Atlanta certainly has a multifamily advantage. Yields remain stable throughout the country at 5.6%, with secondary and tertiary markets primarily in the Midwest and Southwest offering the highest multifamily yields. That's according to ARA Newmark's Q2 2017 Multihousing Market Overview.

(How is tech impacting the multifamily real estate? Here's one take.)

“We anticipated 2017 to be very similar to 2016 in terms of deal flow—slow to begin the year, and picking up substantially in the second half,” Blake Okland, vice chairman and head of US Multifamily at ARA Newmark, tells GlobeSt.com. “So far that's been the case this year, too, with 1Q being very slow and a 25% year-over-year pick up in 2Q. In 2017, the slow start to the year was primarily driven by the election results and the subsequent broader capital markets reaction to it. In addition, buyers were full on multifamily and the lack of deals on the market in early 2017 contributed to less trades.”

(How would home ownership really impact multifamily? Steven DeFrancis sounds off.)