Avila Real Estate Sells Two Property Portfolio

Avila Real Estate is pleased to announce the sale of two apartment communities —  Circa 400 and Ecco 400 Apartments in August 2016.  Located at the intersection of Northridge Road and GA 400, the communities were originally built between 1979 and 1980.  Avila purchased the communities totaling 608 units in 2012, renovated both leasing centers and approximately 55% of the units during its ownership period.  Jones Lang LaSalle served as broker for the transaction.