An affiliate linked to Eaton Vance, a Morgan Stanley company, sold a West Midtown apartment community for $54.5 million. The Atlanta Business Chronicle reports that an LLC affiliated with TriBridge Residential was the buyer of the 265-unit apartment community, known as 1016 Lofts.

1016 Lofts was built in 2002, and features studio, one- and two-bedroom rental units. Amenities include a parking deck on each floor, a resort-style pool, a cyber café with workstations, tables, and coffee & tea service. The project also includes a fitness center, billiard room and EV charging station.

It’s situated at the intersection of 10^th Street and Howell Mill Road, steps away from mixed-use hot spots such as The Interlock and Westside Provisions District. 

Founded in 1996, TriBridge Residential is a multifamily development and investment firm that owns dozens of communities across the Southeast. Most of its properties are located in Georgia.

Attend Connect Southeast Multifamily on December 4^th in Key Biscayne when the market experts share the playbook for where capital is moving next, and how the region’s power players are positioning themselves to stay ahead of the national curve. Be there to explore the opportunities, challenges, trends, and the future outlook for the multifamily landscape throughout Florida and the Southeast. www.ConnectSEMF2025.com