A 468-unit garden-style apartment complex straddling the Alpharetta-Roswell line has changed hands for $109.9 million, with Los Angeles-based Post Real Estate Group paying nearly $235,000 per unit for the property known as Manchester at Mansell. The sale, recorded by the Georgia Superior Court Clerks’ Cooperative Authority database, lands at a moment when Atlanta’s apartment market is showing its first signs of life in two years.
The Related Companies sold the 401 Huntington Drive property, according to Bisnow, which reported the deal citing sales tax data from the state clerks’ database. CBRE provided information about the transaction, and CBRE Capital Markets originated the financing behind Post’s purchase, which included a $500 million Freddie Mac loan. Built in 1984, Manchester at Mansell spans one-, two-, and three-bedroom floor plans across a two-story footprint, according to Multi-Housing News.
The property has appreciated dramatically since the last recession. Ares Management acquired it out of foreclosure for $27.1 million in 2010, then sold it to Titan Real Estate and Investcorp for $48.5 million in 2015 — a run-up that set the stage for its $109.9 million sale more than a decade later, per Multi-Housing News.
A Rare $100 Million Club in a Cautious Market
Manchester at Mansell’s sale is notable partly because so few deals of its size are getting done in Atlanta this year. The station’s report notes that Atlanta apartment transactions have included only five deals reaching at least $100 million in 2026 — the same number of $100 million-plus trades recorded during the first half of 2025 alone. Post’s purchase joins Key Real Estate’s $101 million acquisition of Alta Porter on Peachtree in July, which Hoodline covered in Brookhaven Tower Fetches $101M, and the sale of Holbrook Woodstock for $215 million…