Washington, DC-based WashREIT has acquired The Carlyle of Sandy Springs, a 389-unit multifamily community located in northern Atlanta, GA, for $105.6 million.

Mike Kemether, Travis Presnell and James Wilber of Cushman & Wakefield represented the seller, Spyglass Capital Partners, in the transaction.

“With some of the largest apartment units in the submarket and with an abundance of sought-after townhomes at the property, WashREIT plans to continue with unit upgrades and adding value for middle-income renters,” said Kemether. “The new owner is well positioned with their entry into the Sandy Springs submarket as they continue expanding in the Southeast with their third acquisition in the Atlanta area.”