Arcan Capital has paid $21.6 million, or $189,474/unit, for the 114-unit Woodland Commons apartment complex in Newnan, Ga., roughly 40 miles southwest of Atlanta. The Marietta, Ga., investment manager purchased the property from TriWest Multifamily of El Segundo, Calif., as part of a tax-deferred exchange in a deal brokered by Matthews Real Estate Investment Services. […]

The post Ga. Apartments Sell for $21.6Mln appeared first on Commercial Real Estate Direct.