Atlanta REIT buys Wesley Chapel apartments

Preferred Apartment Communities buys Altis Wiregrass Ranch two years after making loan for 392-unit complex, despite coronavirus pandemic

  • By Kevin McQuaid
  • | 6:00 a.m. April 17, 2020
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
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            An Atlanta-based real estate investment trust has acquired a Wesley Chapel apartment project completed in 2018 for an estimated $80 million.

            Preferred Apartment Communities Inc. says the 392-unit Altis Wiregrass Ranch apartment project fits its overall business strategy.

 

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