NEW YORK CITY COMPANY ACQUIRES SEVEN METRO ATLANTA APARTMENTS

ATLANTA — New York City-based The Praedium Group has acquired a six-county, seven-property metro-Atlanta multifamily portfolio for $45 million. The 938 units in Fulton, Henry, DeKalb, Rockdale, Gwinnett and Hall counties comprise 156 buildings, with an average size of 1,041 square feet per unit. Praedium acquired the portfolio through a joint partnership with New York City-based Audubon Communities Management.