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Pollack Shores buys Ga. apartment project for over $172M

Atlanta-based Pollack Shores Real Estate Group bought an apartment development in Alpharetta, Ga., for a little over $172 million in a deal closed Sept. 19, the Atlanta Business Chronicle reported, citing Fulton County records.

The 800-unit Amli Northwinds complex was sold by an affiliate of Amli Residential Properties Trust with the price translating to $215,468 per unit. Pollack Shores has renamed the development to Avery at Northwinds following the purchase, according to the Oct. 9 report.

CBRE Group Inc. arranged the transaction.