Tusk Equity Partners purchased two Decatur-area apartment communities from Austin Sureste Partners for $32.3 million, or $126,969 per unit.
The properties are Park Estates, a 138-unit community of two-bedroom, 1,050-square-foot apartments and Austin Estates, a 118-unit complex.
Park Estates, located at 1150 Maple Walk Circle, was built in 1985 and is situated on 7.26 acres, while Austin Estates, located at 3859 Austin Circle, was built in 1972 and comprises eight, two-story buildings on 9.88 acres. It was renovated in 2018.
Marcus & Millichap Senior Vice President John McCalla listed the properties for Austin Sureste.
Austin Estates comprises eight, two-story buildings on 9.88 acres. Courtesy of Apartments.com.
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