Atlanta Real Estate Investment Firm RMR Residential Sells Sun Belt Apartment Portfolio for $885M

RMR Residential transaction highlighted in the Atlanta Business Chronicle

Atlanta-based RMR Residential and PGIM Real Estate sold 12 apartment complexes across Florida, North Carolina, and Tennessee for $885.5 million.

The portfolio included complexes in Tampa, Orlando and Melbourne, Florida; Charlotte and Wilmington, North Carolina; and Nashville, Tennessee, according to a news release from RMR Residential. The sale totals 3,564 units.

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