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The Eva (f.k.a. M789) Acquisition Article

Moran & Co. Southeast has brokered the $63.5 million sale of M789, a 33-story apartment high-rise located at 789 Hammond Drive in Sandy Springs, a suburb of Atlanta. The property’s 300 units average 1,221 square feet. Chicago-based Magnolia Capital purchased M789 from Austin, Texas-based CWS Capital LLC.

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Stonehenge Acquisition Press Release

The Apartments of Stonehenge, a 452-unit, garden-style community in the North Raleigh submarket of Raleigh, N.C., has traded hands for an unspecifed price. The seller was an affiliate of Ram Realty Advisors, while Magnolia Capital acquired the asset, marking the company’s first foray into the market.

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