Kaplan Residential sells downtown’s Generation Atlanta for nearly $127M

By Donnell Suggs

With major redevelopments taking place downtown, a record-setting price was paid for amultifamily property near the city’s major tourist attractions and entertainment venues.

Kaplan Residentialsold Generation Atlanta, a 336-unit, 17-story downtown apartment building,for $126.9 million, according to Fulton County property records.Frankforter Group, a Quebec-based investment and equity firm, was the buyer and paid $377,678 perunit, also a record for adowntown property.

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