Equity Residential Acquires 320-Unit Osprey Apartment Community

Cushman & Wakefield, the firm that arranged the sale, did not disclose the price
Equity Residential Acquires 320-Unit Osprey Apartment Community
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Cushman & Wakefield announced Monday that the commercial real estate services firm arranged the sale of Osprey, a 320-unit apartment community in West Midtown.

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Robert Stickel, Alex Brown, and Ashlyn Warren of Cushman & Wakefield represented the seller, Toll Brothers Apartment Living, in the transaction. Equity Residential acquired the property.

“Toll Brothers Apartment Living delivered a phenomenal asset,” Stickel said in Monday’s announcement. “They were the first to bring high-rise product to the West Midtown market, which draws from the impressive recent job growth showcasing Atlanta’s technology talent.”

Amenities include a lawn game area and patio lounge, hospitality lounge, dining room, juice bar, pet park and spa, garage, fitness center with on-demand virtual training, pool with private cabanas, rooftop lounge, and terrace, and coworking space.

The property includes 13,000 square feet of ground-floor retail which is leased to Orangetheory Fitness, Snooze, SweatHouz, and Yalda. It was built in 2020.

“Equity Residential is a highly recognizable institutional investor who recently decided to re-enter Atlanta’s multifamily market,” Brown said. “This is one of what will surely be more acquisitions as they establish a portfolio in one of the strongest growth markets in the Sunbelt.”

Caleb J. Spivak

Caleb J. Spivak is the Founder of What Now Media Group, Inc. Check out our publications in your city: Atlanta, Austin, Chicago, Dallas, Denver, Houston, Jacksonville, Las Vegas, Los Angeles, Miami, Nashville, New York, Orlando, Orange County, Philadelphia, Phoenix, San Diego, San Francisco, and Tampa.

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