A Los Angeles real estate investor picked up a Buckhead apartment tower at a 35% reduction of its 2021 purchase price. The haircut price was only slightly higher than the debt the previous owner placed on the tower.
TruAmerica Multifamily bought The Tower on Piedmont, a 20-story, 155-unit apartment tower at the corner of Piedmont and Peachtree roads in the heart of Buckhead, for $44.8M, according to a document filed in the Georgia Superior Court Clerks’ Cooperative Authority database.
