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Magnolia Sells Apartments in Popular Atlanta District for $56.5 Million

Penler Acquires the Arlo Apartment and Restaurant Development in Decatur, Georgia
The Arlo apartment building in Decatur, Georgia, includes a Dairy Queen on the ground floor. (CoStar)
The Arlo apartment building in Decatur, Georgia, includes a Dairy Queen on the ground floor. (CoStar)
CoStar News
January 9, 2023 | 7:29 P.M.

Magnolia Capital sold a five-story luxury apartment building in an area of Atlanta with rapidly increasing property values for $56.5 million, or about $269,048 per unit.

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