Equity Residential recently acquired The Bishop, a 425-unit apartment complex in Sandy Springs, for $108 million. The property was previously owned by a Blackstone affiliate. This purchase is part of Equity Residential’s larger investment strategy in Atlanta, as they have already spent close to $1 billion on four other projects in the city.
According to reports from the Atlanta Business Chronicle, Equity Residential has been targeting newly built properties in growing markets such as Atlanta, Austin, Dallas and Denver. As of last year, they owned seven properties totaling around 2
