The 395-unit, garden-style apartment community Legacy at West Cobb in Marietta has been sold to Maryland-based Acento Partners.  

Senior managing directors Andrew Mays and Paul Vetter of Berkadia Atlanta led the transaction on behalf of the seller, Massachusetts-based Aspen Square Management. Financial terms were not disclosed. 

When the deal closed on Oct. 30, the property was 88% occupied. 

“This complex transaction required persistence and disciplined execution from all parties,” Mays said. “Twenty initial offers reflected strong investor interest in the property’s affordable- to market-rent upside and large floor plans. Despite rate volatility, we attracted qualified buyers and delivered a successful outcome for our client.” 

Located at 2665 Favor Road SW, the property is near Cobb County’s “Platinum Triangle” employment hub, which includes the Cumberland/Galleria area, Truist Park and The Battery.  

Legacy at West Cobb was built in 1970, renovated in 2021 and features one-, two-, three- and four-bedroom floorplans averaging 1,139 square feet, as well as townhome-style residences, which comprise 17% of the total unit count.