Marietta Apartment Complex Sold for $55 Million

MARIETTA, GA — Steadfast Apartment REIT Inc. has purchased 1250 West, a 468-unit apartment community in Marietta, for $55.8 million.

1250 West, according to RE Business Online, features one-, two- and three-bedroom apartments ranging from 736 to 1,200 square feet. It was built in 1987 and 1995 over two phases.

With 1250 West, Steadfast Apartment REIT has invested $322 million in six apartment communities in the Atlanta area. It is the REIT’s second apartment community in Marietta, and joins the 180-unit Rosemont at East Cobb.

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