The 320-unit Brookwood Club apartments in East Arlington sold May 24 for $54.211 million.
The properties are at 1382 and 1385 Brookwood Forest Blvd.
TIO Highmark Gables Apartment Investors LP of Greenwich, Connecticut, sold the apartments through Brookwood Club Apartments Investors LLC.
The buyer was Brookfield Properties of Cleveland through Brookwood Owner LLC.
The community, built in 1987, comprises 20 buildings on 14.32 acres. The per-unit sales price is $150,586.
The apartments are 678 to 972 square feet with one- and two-bedroom units with one or two baths. Monthly rents are $1,235 to $ 1,870, according to apartments.com.
There are 10 swimming pools and a dog park. Apartments have walk-in closets, patios and balconies and are equipped with washer and drier hookups. There is a fitness center and complimentary Wi-Fi in the clubhouse.