PGIM Real Estate acquired the 290-unit Notion Decatur for $76 million. Toll Brothers, the developer of the project, was the seller. The property is adjacent to a Publix-anchored shopping center in Decatur.

The Atlanta Business Chronicle reports the sale aligns with Toll Brothers’ departure from the multifamily business. The company sold its multifamily division, known as Apartment Living, to Kennedy Wilson for over $300 million.

As part of the agreement, Kennedy Wilson will absorb the Apartment Living in-house development team and Toll Brothers’ interests in a portfolio of properties that are completed and under development.

Notion offers a mix of studios and apartments with one and two bedrooms. On-site amenities include a TV lounge, swimming pool, bike storage, fitness center, clubhouse, business center and community-wide Wi-Fi.

Cushman & Wakefield’s Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay and Sim Patrick represented the seller in the Notion transaction.