Kaplan Sells Sandy Springs Project, Pivots To Build-To-Rent Sector

Article by: Jarred Schenke

Kaplan Residential has sold one of its key mixed-use projects in Sandy Springs as the Atlanta firm pivots its business model to respond to the changes in the housing market. Atlanta-based multifamily investment firm Audubon bought Square One, a 203-unit luxury apartment complex with 10K SF of retail from Kaplan on Wednesday for $59.2M. The project, formerly known as One City Walk, was delivered in 2016 and was 95% occupied at the time of the sale, according to Kaplan.

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