MAA (MAA) Completes Acquisition of Allure at Brookwood

July 24, 2012 9:08 AM EDT
MAA (NYSE: MAA) announced today that it has completed the acquisition of Allure at Brookwood, a 349-unit high-end urban multi-family apartment community located in the Buckhead sub-market of Atlanta, Georgia.

Allure at Brookwood is strategically located between several of Atlanta's largest office submarkets including Midtown, Buckhead and Central Perimeter, which combined, total more than 50 million square feet of office space and are home to a number of the Atlanta area's major employers. In addition, the property is located in very close proximity to several major medical employment centers within the Piedmont Medical Center, including the Shepherd Center, a nationally recognized rehabilitation center.

Allure at Brookwood was developed in 2008 and consists of two six-story mid-rise buildings joined by a five-level structured parking deck. The property offers residents a wide range of amenities including a resort-style pool with cascading fountains, a 50-meter lap pool, outdoor stone terrace with grill and an expansive fitness facility and business center. The apartment homes boast nine foot ceilings with deluxe crown molding, cherry cabinetry, arched doorways and stainless steel appliances.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment