New York-based The Blackstone Group purchased the Citigate Apartments for $90 million on Nov. 25, the second-largest multifamily sale of 2020, said Walker & Dunlop broker Brian Moulder.
Moulder brokered the sale with Walker & Dunlop brokers Dhaval Patel and Bobby Gatling. Los Angeles-based JRK Property Holdings sold the 444-unit property at 8451 Gate Parkway.
Citigate Apartments was built in 2009.
The top multifamily sale this year is ARIUM Deerwood, which sold for $96.8 million Oct. 28. Walker & Dunlop brokered the sale.
Citigate Apartments feature a swimming pool with cabanas and a fireplace lounge, a gym with a spin room, game room, movie theater, dog park, playground, grilling area, bocce ball court and elevators in every building.
It offers one-, two- and three-bedroom units in four-story buildings. The apartments feature stainless steel appliances, hardwood flooring, private balconies, walk-in closets, granite countertops and full-size washers and dryers.
Rents range from $1,278 for a one-bedroom unit to $1,768 for a three-bedroom unit, according to Zillow.