Atlanta apartment complex sold

A 301-unit apartment complex in Atlanta's Old Fourth Ward has been sold at the highest level for the city's rental community since the downturn began.

AMLI Residential Properties Trust purchased the 660 Apartments for $42.75 million in cash. Holliday Fenoglio Fowler, which marketed the property at 660 Ralph McGill Blvd. on behalf of Southeast Capital Partners and The Integral Group, said the $142,000 per unit price is the highest paid since the recession started.

The complex was completed in 2009 and has won several design awards. Jason Nettles, the senior marketing director for Holliday Fenoglio Fowler, said institutional interest in Atlanta has increased over the past year.

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