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TA Realty affiliate pays $83M for Cobb County, Ga., apartment complex

An affiliate of Boston-based real estate investor TA Realty LLC acquired the Magnolia Vinings apartment complex in Cobb County, Ga., for $83 million, the Atlanta Business Chronicle reported, citing Cobb County property records.

The 400-unit property at 2151 Cumberland Parkway, which spans more than 21 acres, was sold by the Los Angeles County Employees Retirement Association, according to the publication.