Marietta multifamily community sells for $75.5 million
November 10, 2022
Real estate firm Capital Square sold the 344-unit Ivy Commons Apartments community in Marietta for $75.5 million.
Capital Square acquired the 28.4-acre property at 3555 Austell Road SW in July 2018 on behalf of a group of Delaware statutory trust, or DST, investors. According to Capital Square, the investors realized a total return of approximately 200% and an internal rate of return of 20% from their 1031-exchange investment.
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