Beach Real Estate Funds, LLC, an affiliate of Charleston, SC-based The Beach Company, has acquired Forty Three 75 Apartments, a 260-unit garden-style multifamily community in the South Fulton submarket of Atlanta, GA.

The $37-million ($142,500 per unit) acquisition was made on behalf of the Beach Investment Fund, LP, a discretionary fund that acquires and operates multifamily assets throughout the Southeastern US.

The 1975-constructed Forty Three 75 Apartments offers direct access to the Fulton Industrial District. According to the company, the area has 46 million square feet of warehouse space, over 500 industrial buildings, more than 20,000 workers and nearly $1 billion in payroll. Area tenants include Google, Amazon and FedEx.

“Being the affordable, close-in option for this fast-growing regional workforce gives us a fantastic opportunity to provide a meaningful impact to the community for the benefit of its residents and the broader submarket,” said Darby Parker, BREF’s acquisitions manager.

Photo credit: The Beach Company