Acento Partners Makes Suburban Atlanta Purchase
Berkadia provided acquisition financing.
Acento Partners has purchased Legacy at West Cobb, a 395-unit community in Marietta, Ga. Aspen Square Management sold the property for $48 million, according to Cobb County records.
Berkadia negotiated on behalf of the former ownership and also provided a $36 million acquisition loan with a one-year maturity date.
The asset previously traded in 2021, when Olive Tree Holdings sold it in a $44.2 million deal.
Located at 2665 Favor Road SW, Legacy at West Cobb comprises 37 buildings rising two and there stories that were completed in phases between 1969 and 2006. The community was 88 percent occupied at the time of sale.
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The garden-style property occupies 32 acres in an area with multiple schools and bus stops. The commercial corridor along Windy Hill Road is nearby, providing access to dining spots, shopping centers and health-care facilities, such as Wellstar Windy Hill hospital. Downtown Atlanta is 18 miles away.
Legacy at West Cobb features one- to four-bedroom floorplans ranging from 750 to 1,517 square feet. Apartments have washers and dryers, patios or balconies, vinyl flooring, walk-in closets, ceiling fans and garages in select units.
Renovated in 2021, the property has 17 percent of its residences converted to two- and three-bedroom townhomes. Moreover, 50 units are set aside as affordable.
Common-area amenities comprise a clubhouse, a playground space, laundry facilities, a swimming pool, a tennis and pickleball court and 800 parking spaces.
Berkadia Senior Managing Directors Andrew Mays and Paul Vetter worked on behalf of Aspen Square Management.
Investors pursue suburban Atlanta assets
Atlanta’s multifamily sector showed softer fundamentals at the start of the third quarter as deliveries slowed, bringing the market closer to pre-pandemic levels, a recent Yardi Matrix report shows.
The metro’s multifamily transaction volume amounted to $1.5 billion year-to-date as of June, with 72 percent pertaining to deals closed in suburban areas. Sales remained subdued when compared to the roughly $5 billion registered during the same time span in 2025. Roswell–Alpharetta topped the charts for submarket investment activity at $298 million, followed closely by Lithia Springs, Ga., at $290 million.
And the momentum carried into the following months, with suburban Atlanta recording several additional sales. A sizable deal closed in September, when Home Invest bough East Ponce Village, a 997-unit multifamily asset in Stone Mountain, Ga. It was the largest acquisition in the firm’s history.
Later that month, LivCor sold a 470-unit, two-property collection in Lithia Springs. Bedford Affordable Housing Foundation paid $83.7 million for the duo.
