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Braves, Pollack Shores sell Atlanta apartment building for $156M

Atlanta property companies Braves Development Co. LLC and Pollack Shores Real Estate Group LLC sold the 531-unit Home at The Battery Atlanta to multifamily investor Cortland Partners for $156 million, Bisnow reported, citing the buyer.

The price, which translates to $29,300 per unit, is the second-highest paid for an apartment project in Atlanta so far in 2018, according to Colliers International Atlanta. The priciest deal, worth $172.4 million, closed Sept. 19 with Pollack Shores acquiring the Avery at Northwinds in Alpharetta, Ga.

The 531-unit apartment building is part of the greater The Battery at SunTrust Park mixed-use development in Atlanta, the Oct. 12 report added.